Forum Replies Created

Viewing 20 posts - 1 through 20 (of 42 total)
1 2 3
  • Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    March 10, 2018 - 12:54 pm

    yes, negotiated a commercial property with a rent guarantee, took 3 weeks of back and forth, finally agreed on a PPSR arrangement. Didn’t have to enforce it though, so… who knows

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    March 10, 2018 - 12:50 pm

    or this course?

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    December 15, 2016 - 1:09 pm

    yes, can anybody recommend a qld solicitor for commercial purchase/sales?

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    December 15, 2016 - 12:50 pm

    Err, I think they were once called, Macquarie Office Trust. Listed on the ASX punching along at $1.20 per share, then in 2006 they started purchasing high quality offices in the USA with only 5% yields. GFC hit. Refinancing become a challenge. Properties sold off at way below purchase price. Share price tanked to $0.30. Name change required asap. Changes some faces. Strategy is the same. Millionaires factory, yeh right. Fee fiend factory.

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    December 15, 2016 - 12:40 pm

    Thanks Corey. Sounds like a deal breaker for long term hold I reckon.
    hey Pitty, are you the guy that surfs?

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    April 12, 2016 - 8:38 pm

    Hey Bjoern – was there an update on the mentors?

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    October 12, 2015 - 7:40 pm

    Just heard the fund has a delivered a 45% return (apologies if that is not correct) since inception, and this month, those that want to, can cash in their units.
    Ahoy, Freckle. You were full of trash talk words in 2012 and 2014, where are you now you keyboard hero?

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    October 12, 2015 - 7:33 pm

    I just heard a Hot Tip from a bloke who described himself as a “Nobody, From NO Place, Going Nowhere’.
    – buy a unit, in 18 months time, between Sydney City and airport.
    As there will be a temporary oversupply (bargains) in what will always be a good market

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    October 12, 2015 - 7:02 pm

    Steve McKnight = honest, transparent, not a speculators approach so he tell you how it is warts and all.
    I have talked with a few people, who have actually done the MAP course, they all say – great value $$ spent on property education.
    If you want a get rich quick scheme from A to Z, try someone else.

    • This reply was modified 9 years, 2 months ago by Profile photo of PropertyGuts PropertyGuts.
    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    October 12, 2015 - 6:57 pm

    $1.1milll @ 5.395% interest only x 15years
    NSW regional retail, LVR 50%
    We should be getter better according to mates

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    March 10, 2015 - 6:55 pm

    yes, I would agree – do Steve’s Property Apprenticeship course and get his mentoring too. Then – write yourself a 10 page business plan for what you are going to do – If you have a Uni education this should make perfect sense for you. And… plenty of dud commercial property out there… take care and best wishes. Guts

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    January 28, 2015 - 10:39 am

    anybody care to update us with their thoughts about Mackay – have prices and rents stabilised – or are they still sinking…

    I agree with Kingyj – “Mackay is well established, has a growing population, is supported by several different industries (mining, sugar, tourism, marine, retail etc), and has strong forecast growth. ”

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    February 13, 2014 - 11:27 pm

    Anybody care to share their thoughts on Cairns?   Capital growth has been absent for many years, though if, ok big IF, the tourism industry kicks off again – there is sure to be growth there.

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    February 12, 2014 - 10:59 am

    it was the brother!

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    February 12, 2014 - 10:50 am

    yep, i have done a few trips to Bali too. Like Glaucus, i was offered an opportunity 15 years ago to 'get in' – land on Bukit Peninsula with fantastic ocean/mountain views.  I didn't at the time because of concerns about the land tenure system (James would be able to clarify, though to my understanding non-Indonesians can not own land, but only get a long term lease).   However, my Kiwi mate did get in 15 years ago, built a beautiful villa (all up under $50K) and today values it at $1mill.  As James says, i also heard Kuta now has some of the most expensive commercial land in the world per sqm (the peak before the bust? Savvy investors would be selling out perhaps?).  Good luck with it James.

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    February 12, 2014 - 10:28 am

    thanks Scott i need more mates like you

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    February 12, 2014 - 10:03 am

    Context is everything. Are we comparing apples with oranges?

    It would be useful if commentators could also include with the interest rate; fixed/flexible/IO? type sort of security offered (resi, units, retail, office etc)? LVR? and broker/bank fees?  

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    July 7, 2013 - 1:53 am

    In property, as in business, it's hard to identify all and every risk.  The viewpoints of other people can help identifying risk, so their critique should be welcomed. Every critique, from all of them – the fools, the experts, the brokers on this site, your paid advisors and your loved ones.  You don't need to win arguments, you only need to satisfy yourself you have a contingency plan to manage the risk issue.       But, my challenge is this – my dearest loved one wants me to sell investments and get a big palace for a home.   The marriage vows did not include a clause for this one.  

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    June 18, 2013 - 3:34 am

    Land tax and trusts.   Are other states (Qld, TAS, Vic, WA, SA) the same as NSW?    

    With respect to TerryW's comments

    ""in NSW most trusts don't get any land tax free threshold.

    Exceptions for fixed trusts, SMSFs and deceased estates"".

    Please some comments from trustee's with property in quennie, tassie etc

    Profile photo of PropertyGutsPropertyGuts
    Participant
    @propertyguts
    Join Date: 2010
    Post Count: 57
    June 18, 2013 - 3:24 am

    thank you

Viewing 20 posts - 1 through 20 (of 42 total)
1 2 3