would you sell for 85% of market value?

IMHO in most cases anyone who thinks of selling will then look around for prices in the area, pick up the paper and have a look (community papers are free so it doesn’t even cost anything and shows houses in the area) or at least speak to a REA about what thier houses are worth.

I’d concentrate on the99% ringing you and having a reason “why” they should sell to you..and there’s quiet a few reasons if you think about it as you can make it attractive to do business with you (next- think about what kind of person everyone would refer to do business with)be prepared to negotiate, loose deals have tyrekickers and even a genuine bargain amongst the mix..

I have a riend who’se letterdropped areas he’s interested in and he’s had some success, like anything though it takes time effort and the ability to pounce when you can.

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Hi Dazzling,

I’ve tried to think of something entertaining and possibly interesting for you and those on the forum and will brush up on my typing as i’ve promised myself to do recently…we’ve recently turned a PPoR into an IP.

We purchased our Principle Place of Residence after deciding to move out of a 2 bedroom unit in a great little complex.(bought for $85k now worth $150k+.. a 3 bedroom in the complex is “currently” on the market for $225k)
This small complex consisted of 12 units in total and was nice and close to all facilities as well as having a great group of owners/tenants (no arguing neighbours, cats using your windscreen for a toilet, unruly kids or first time tenants with * doof-doof * music- in other words, nothing like “Neighbours” and Ramsey St) however we were cramped so decided to move..

We spent some months searching for properties in our target area, as I’m a big believer in looking at lots of properties to get a feel for the price range in the area and getting to know the neighbourhood and the agents.

We also spent a lot of time walking the area in the early evenings and found a lot of residents doing the same thing (Tip people- close your curtains; it’s funny the things you see as you stroll a neighbourhood in the evenings), these residents were friendly also; lots of hello’s etc as we walked about (always a good sign as in some bad areas it seems you have to walk around with a menacing look and not talk to anyone, lest you be taken as a target) my wife is also great at starting a conversation with anyone (seriously)as well, so we talked to lots of people in the area and they told us of properties to look at.

One day we watched an agent put up a sign on a nice looking house that possibly needed the gardens redone; we’d walked past this house many times before, so approached the agent and had a quick chat (I always recommend talking to agents telling them what your looking for as even if the property you view is not the “one” they may know of others in the area; I’ve been told of ones not listed yet, or a property where the owner doesn’t want the tenant to know he is selling yet etc and firmly believe that agents will contact sure fire buyers and investors rather than tyre kickers if they obtain a good property-it saves everyone time and money).

Anyway the house was open on the weekend so we dropped in for a look..it was shocking!! The husband was a landscaper (yeh right, if you know what they say about mechanics and their cars then this was true about the landscaper and his gardens- the last thing he must want to do at home is play gardens on his time off).

The family had just had a recent addition and they were leaving Oz to go back to NZ, he was selling his business as well and they’d started to do the property up to add value but had given up (see what I mean about talking to the agent).

The walls inside the house struck you straight away (like a sledgehammer) they were painted numerous colours including terracotta and what I loosely term baby s**t yellow, the painting was very modern and extended to the cornices, the Alarm P.I.R detectors (passive infra red if anyone is wondering), lighting and all other switches the vertical blinds and their mounts and they were even “blending” the paint colour scheme into the carpet- wonderful, they were either blind, drunk, blind-drunk or in a hurry when they painted.
Handles were off the taps in the bathroom the toilet cistern was loose, there were slate tiles that needed sealing, oil on the kitchen verticals and so far back in the cupboards I have “no idea” how it got there and numerous other interesting things (that’s before I saw the back yard which resembled a salvage yard or swap meet)

Suffice to say we saw opportunities and put an offer in and began the negotiation process.

***Let me know if this is interesting or not so I know whether to continue..i’m brushing up on my typing skills to extend beyond two fingers and am using this as an exercise***

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Thanks TMA

I asked only because i came across the article..

PS-email4 $ ?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

A Lawyer doesn’t stop at a stop sign and gets pulled over by a Police Officer. He thinks that he is smarter than the cop because he is sure that he has a better education. He decides to prove this to himself and have some fun at the cop’s expense.

Cop says, “License and registration, please.”

Lawyer says, “What for?”

Cop says, “You didn’t come to a complete stop at the stop sign .”

Lawyer says, “I slowed down, and no one was coming.”

Cop says, “You still didn’t come to a complete stop. License and registration, please.”

Lawyer says, “What’s the difference?”

Cop says, “The difference is, you have to come to a complete stop, that’s the law. License and registration, please!”

Lawyer says, “If you can show me the legal difference between slow down and stop, I’ll give you my license and registration and you give me the ticket, if not you let me go and no ticket.”

Cop says, “Step out of your vehicle, sir!”

At this point, the Cop takes out his baton and starts beating the crap out of the Lawyer and says: “Now Sir, do you want me to stop or just slow down?”

2
A housewife takes a lover during the day, while her husband is at work.

Unbeknownst to her, her 9 year old son was hiding in the closet. Her husband came home unexpectedly, so she hid her lover in the closet. The boy now has company.

Boy: “Dark in here.”
Man: “Yes it is.”
Boy: “I have a baseball.”
Man: “That’s nice.”
Boy: “Want to buy it?”
Man: “No, thanks.”
Boy: My dad’s outside.”
Man: “OK, how much?”
Boy: “$250.”

In the next few weeks, it happens again that the boy and the mom’s lover are in the closet together.

Boy: “Dark in here.”
Man: “Yes, it is.”
Boy: “I have a baseball glove.”
Man: “How much?”
Boy: “$750.”
Man: “Fine.”

A few days later, the father says to the boy, “Grab your glove. Let’s go outside and toss the baseball.”
The boy says, “I can’t ! I sold them.”
The father asks, “How much did you sell them for?”
The son says,”$1,000.”
The father says, “That’s terrible to overcharge your friends like that. That is way more than those two things cost. I’m going to take you to church and make you confess.”
They go to church and the father makes the little boy sit in the confession booth and closes the door.

The boy says, “Dark in here.”

The priest says, “Don’t start that <edited> again.”

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

How about some accounting tips n tricks..warnings even?

And maybe spreadsheets/checklists etc..

relevant for this time of year and planning the next 12 months..

Guest articles from valued contributors on the forum regarding mortgages/depreciation/investing/asset protection etc..sounds good to me and also promotes the contributors to the Forum?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

For those that asked me..

Craig Turnbull seminar

Introduction-
First was a big disclaimer saying the evening was for educational purposes only.
Craig’s vision was expanded he talking about an aspire credit card and other personal goals.

Then talked about finding deals, research, networking, and look for a motivated vendor and areas where infrastructure was going.

Then the talk turned to “No/Little Money down deals”- using equity etc and some examples were provided and vendor finance was talked about.

We then moved onto renovating and more examples and slides of before and after properties were shown as well as the numbers of the deals. R.O.I and CoCR was talked about here.

Craig’s team was mentioned including Property Management, Asset Protection, Mortgage Broking, Wealth Club and Mentoring Program.

Property developing was discussed and examples were again given as well as a “do your numbers empathise”. Zoning, Potential Problems etc were discussed.

We then talked about strategy- profit and protecting your properties, not overstretching and becoming wealthy as well as potential problems with Super and the pension for many of us.

Lastly we moved onto the upcoming weekend seminar and what it entailed.

Hope I covered the majority of it for those who were interested.

REDWING

Cindy i’m intersted in your experiences over the 12 months to..?

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

Did you get the free book and DVD Dazzling [biggrin]Some people in line said they missed out..

Anyone else go..and if so what did you think?

REDWING

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

1300-132-941

e-mail [email protected] Michelle Carden is the lady i dealt with..

I never struck the answering machine when i called?

I listened to Craig on 882 (6PR) the other day as well at 0700-0800 Saturday(Talkback..it’s on-line also if you want to listen in whilst on the net) it was interesting..

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator

R 30 = 333sq m per property then?

and

R 40 = 250sq m per property? [grad]

Dazzlings position then with
R 17.5 = 571sq m per property?..or withcouncil approval
R 30 = 333sq m per property

Makes things easier to work out..thanks

“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow Calculator