The main negetive and I’m sure other people have found out is poor property management.
Once you have these details ironed out eventually everything falls into place

This is surprising given that the US is such a service driven economy – you would have thought someone would have sorted this out / tapped into this market ..

Rgs

QL

No probs HoBe,

There’s probably a myriad of other reasons why businesses often don’t own their own premises. I’m not typing from any commercial property experience – just theory. I’m sure some of the more commercially focused savvy investors can give you a more solid answer.

Rgs

QL

I also have a general question that applies to Dazzling’s case. If the tenants are happy to pay a price for a lease that well and truely covers the interest, how come they don’t buy a property themselves?

Hi HoBe,

I may have an answer to that question – many businesses make such good returns on their cash that a property investment would seem…[Read more]

Thanks Bob, I have read 0 to 130 properties and appreciate the examples given there, has Steve since published another book? The purpose of this exercise is to validate some figures on a deal done today (which may still be possible based on Steve’s figures however I am unsure)

I have read via the forums lately that +ve cashflow deals are still…[Read more]

Thanks everyone for your examples – much appreciated.

This is the type of stuff I’m looking for, some real life examples that we can base some calculations on. It will take us some time to reach guru status so maybe an ‘average’ deal would be good also so we have something to aim for in the first instance.

Thanks again, and much appreciated.

QL

Ahhh,

Thanks Derek [thumbsupanim]

QL

I love it! Thanks for sharing.

Just one question, do you find agents reluctant to give you access to the vendor? If so, how do you overcome this?

Rgs

QL

Thanks Wendy,

That would be great,

Rgs

QL

Originally posted by MaiA:
…..
Interested to know about your deal…..

Hi MaiA, I haven’t done one yet, just gearing up for it (starting to do some due diligence at the moment).

I’ll post up here when I’m in the midst of it.

Rgs

QL [suave2]

MaiA,

Great stuff! I am also in the process of looking into an aquistion using an Option….

Can I ask, how did you net the $15K? Did you do anything other than onsell the option? Did you take title on the land?

Rgs

QL [exhappy]

Hey Patrick,

Are you married or single?

If I was single and in your position, I would look at a local property that fits the following critera:

– Subdividable or potential for future development
– Heaps of space (ability to setup many rooms)
– Renovation potential to add immediate value

I would then investigate the concept of buying a PPOR,…[Read more]

Hey Andy,

Good suggestion about second hand cots and prams for the kids a few posts ago, we have children and when our first came we bought the best of everything thinking we were doing the best for our new bundle. Now the $1100 emalunga pram is sitting in the garage, go figure…[happy3]

Cheers

QL

Quote: “I have to have a bit of a laugh at the suggestions of you and your wife going out to do extra jobs[biggrin]. Unless I am seriously mistaken you are having a baby” [ohno2].

AndyM, I’m afraid I was one who gave you one of those suggestions [tongue] I probably should have qualified that I didn’t mean for your wife to consider Tupperware…[Read more]

Hey AndyM,

Nice to see how you’ve been supported through this – I’ve only been around on this forum for a short time, seems there’s many a decent person here indeed! [exhappy]

One other option for some additional cash flow, see if your wife likes the idea of running her own tupperware business. I have close freinds who run them and could hook…[Read more]

Hey there,

Without knowing your market, I’d say it sounds like an excellent idea. A wise person once told me “never sell real estate – just buy”. Whilst many would disagree with that approach, if you believe your PPOR will have good long term growth, AND you can develop in the future, I’d definetly hold onto it.

Make sure that your family are…[Read more]

Another “guru” in the US on foreclosures is Ron LeGrand. I’ve studied some of his material. Do a google search on him….

Rgs

Richard

Cool, thanks Anne

Cheers

Richard

Awesome post!

I am 33 and went absolutely gung ho at investing about 3 or 4 years ago. Anyway I was in the midst of my first (and sizeable) deal when Sept 11 struck. Key people in my deal got nervous so it fell in a heap. I came out unscathed and alot more cautious, now have kids and a good job again (Sept 11 also caused redundnacies in IT…[Read more]

Hi There,

It seems I need to register on the website to see your ad…You’ve piqued my curiosity – so was keen to see the ad.

Any chance you can post the copy here (instead of the link)?

[smiling]

Regards

Richard

Glad to see that I’m not the only one slightly annoyed by Mr “property trader” guru

Let’s hope he changes his user name and starts again with a slighly better attitude next time! [angry2]