Ok, I started this thread with the idea that I had read about doing a lease option with a vendor and then onselling with my own LO.I have this afternoon put down on paper a scenario and so I will put it to you learned bunch. It is probably very simplistic and I am sure you will have suggestions and facts pertaining to it, but do me a favour and…[Read more]

I have been considering this same concept of a balloon payment for those very reasons, increasing the affordability. I am not sure what is required legally, but it sounds like a good option in the right circumstance.

How would you, however, determine when this balloon payment should be made? There is no guarentee that your client could refinance…[Read more]

Probably the best thing you can know right now is ‘why’. It has taken me more years than I would have liked of piddling around with IP’s to come to that question realisticly.

I have 2 IP’s and neither of them were purchased because I knew ‘why’. As a result, one of them is a burden I am readying to unload, thankfully with a reasonable return and…[Read more]

We holidayed in Lakes over Xmas and made some minor inquiries into investing in a holiday home down there. I can’t remember exactly now, but someone quoted us that holiday rental are only let out for an average 11 weeks each year.

Apparently the place is a ghost town anytime other than peak summer.

However, if you can buy and hold, clifftop…[Read more]

I know the kind of deal you would like to put together because I am trying to do it for my GF who is also a single mum, struggling, partner far away.

She currently rents from me and I have recently been looking at the numbers to try to find a deal where she could buy from me – as I would like to sell later this year anyway and am concerned for…[Read more]

LMAO![laugh4]

Rakky ;P

Have you had a look at the dept of infrastructure site? Follow the link and click ‘know your area’

http://www.doi.vic.gov.au/doi/internet/research.nsf

Rakky ;P

Yes, I tried to get one over on my son telling him that maccas now gives away free food.

Son – 1

Mum – 0

lol

Rakky ;P

have you had calls about the house that you have not been able to follow up and therefore missed the opportunities?

Rakky ;P

Originally posted by elves:
Anyway, There was a tshirt put out some time ago, I think by someone who was unemployed and just went out there and made it. This one said, “know your limits and break them”

There is also a saying that go’s “Name your limitations and they’re yours”

Rakky ;P

From readin Rick Otton’s ‘we buy houses’ site, I gather he is trying to get hold of sellers who need to sell NOW to trade off price with fast timing?

So it is essentially what i have heard as a “spotter”?

How much does a spotter generally charge? Is it a %thing?

A deposit of 20% and a lend of only 80% means you avoid mortgage insurance which is very costly – thousands of dollars infact.

Ok, so do you have an idea how anyone can buy discounted real estate that involves more than just trying to negotiate?

what does bird dogging mean?

To achieve a lower price.

ok, I know it is a silly question but also the only question at the end of the day – for me.

It’s like when I play chess, I can back my opponent into a corner but can’t figure out what to do with him!

I myself would have chosen 18. lol

But would you say that it is totally possible to manage without a kit or an agent?