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scott8afl

  • scott8afl replied to the topic RENT TO BUY HOW DO I FIND INTEREST- EQUITY TO GIVE AWAY in the forum Help Needed! 16 years, 5 months ago

    I dont want to rent to buy but I am interested in buying some property so if you want to sell let me know and we can come to an agreement.I am also a real estate agent if you need to sellContact me at [email protected] if you are interested later on down the track

  • scott8afl replied to the topic Small settlement timeframe – what’s possible? in the forum Help Needed! 16 years, 5 months ago

    it depends from state to state.In QLD if you had pre approved finance (which you dont) it can be done in 14 days. Since you dont have finance you need 14 days from finance approval until settlement. NB. it can be done quicker but they dont like to.usually it takes 14 days from start to finish for obtaining finance or it may take longer depending…[Read more]

  • scott8afl replied to the topic Onselling before settlement?? in the forum Creative Investing 16 years, 5 months ago

    Qlds007 wrote:
    Mr PIn simple terms you would enter into an Option with the Seller which gives you the right but not the obligation to execute an contract down the track. For the priviledge you make a Option payment which is deducted from the end sales price.Assume you thought the property was worth $350K but you signed a Call Option and paid $5K…[Read more]

  • scott8afl replied to the topic Property Purchase Option Agreement in the forum Creative Investing 16 years, 5 months ago

    I know about lease options where you are the vendor but what about when you are the purchaser and want the right to onsell the property even before the owner can sell it himself

  • scott8afl replied to the topic Cashflow 101 game in the forum Opinionated! 16 years, 5 months ago

    luckyone wrote:
    Hello All, Does anyone happen to know if there is an electronic version of the cashflow 101 game available? I played the board game last night for the first time and absolutely loved it. I now want to get preferably an electronic version of it as then I can play against the computer (my friends aren't interested in investing or…[Read more]

  • scott8afl replied to the topic Something funny going on. in the forum Mountains out of mole 16 years, 5 months ago

    Mountains out of mole hills.The fact is when you buy a property you only buy what is on the surface. For example. if you were digging in your backyard to maybe put in a swimmingpool or a bore ect. and found gold or oil or any other natural resource the government would have the right to claim that as their own. (If you were smart enough to tell…[Read more]

  • scott8afl replied to the topic Getting the most out of a bank valuation in the forum Finance 16 years, 5 months ago

    it depends what the houses are like in the first place.they already know what it was like when you bought it.So appart from market appreciation try adding things like air-con, patios, new paintto a lesser degree gardensthese things dont cost to much to do but can add alot more in percieved value

  • well said RVP

  • thats because the properties that were bought by these investors were highly negatively geared.When I was younger I used to work with a company that sold house and land packages ( i was there for 3 months) that was fine with me then I realised that they were offering rebates on the land then also on the house construction, which in turn put more…[Read more]

  • sorry forgot to add that while the price of property may be dropping the rental market is stronger than ever with very few vacancies around but tonnes of people willing to rent

  • blogs wrote:

    scott8afl wrote:
    Scramp,Now is the best time to invest in property. What you say makes no sense at all. but you wait till 2011 and buy property at the higher prices and well buy now when people need to get out so sell cheaper.so in 2011 look for a property I have for sale so I can make my profit from you.

    Scramp makes no sense?…[Read more]

  • scott8afl replied to the topic Possible to make multiple offers? in the forum Creative Investing 16 years, 5 months ago

    in QLD you can make multiple offers but if they are accepted you can not pull out unless you use the cooling off period which will incurr a .25% of the total purchase price penalty. If your looking at 10 properties thats alot of bread

  • scott8afl replied to the topic RP Data info in the forum Creative Investing 16 years, 5 months ago

    Linar wrote:
    Does anyone know what the current status is wrt personal info given by RP Data?  I know that RP Data used to give names and contact details of property owners but just lost a case in the Federal Court against a Government department that won't give RP Data that info any more. RP Data says in a press release that they hope that the…[Read more]

  • scott8afl replied to the topic should agents commissions come down? in the forum General Property 16 years, 5 months ago

    CRASHY_It occured to me that house price growth has been outperforming wage growth for quite a few years. The only industry benefiting from this is Real Estate agents. House prices have doubled in the last 5-6 yrs and average wage growth is around 10% over that period. Agent commissions are directly linked to house prices which means their wage…[Read more]

  • Scramp,Now is the best time to invest in property. What you say makes no sense at all. but you wait till 2011 and buy property at the higher prices and well buy now when people need to get out so sell cheaper.so in 2011 look for a property I have for sale so I can make my profit from you.

scott8afl

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