That’s great
But the bank is lending on $350,000 not $310,000
But if the bank doesn’t know I hope it’s legal.

Can anyone help ?

We need to get some advice on how to record a rebate from a vendor.
Here is an example-:
Property cost is $ 350,000
I did a valuation it’s $ 340,000
Paid $1,000 deposit and signed contract
contract has gone to bank.settlement in 60 days
7 days later vendor comes to me and wants to settle in 55 days, needs money.
did deal to give…[Read more]

quote:
Hi All, Merry Xmas! Adelaide Real Estate Investors Group meetings are held on the 2nd Tuesday of every month the next being 13th January 2004 at Cafe De Val, Corner Pirie & Pultney Sts Adelaide at 6.30pm . New people, please send me your email & I will send you an introduction form to fill in & return by email. I will send you further info…

[Read more]

Hi folks,
I’m new to this forum.
I am with a group of property investors called Platinum Partners Group Pty. Ltd. and we have an office in Kent Town with a large meeting area and facilities.
We hold workshops 1-2 times a month where we bounce around ideas. We also have Lawyers, Accountants, Mortgage brokers, Conveyancers etc whom we arrange to…[Read more]

Hi all
I am in Adelaide South Australia
We are a group of 6 property investors who have an office and area to hold meetings. Our name is Platinum Partners Group Pty. Ltd.
We hold meetings 1-2 times a month with workshops to fast track the knowledge that each of us has learnt.
We also hold Cashflow game nights ( lots of fun )
Everybody is welcome…[Read more]

quote:
The way I see it, option A (the vendor assisting by lending part of the deposit) appears infinitely better to me than option B because I am very debtphobic.

That is partly because of my age and partly because of some unhappy experiences whereby I got caught (on more than one occasion) with loans whilst (because of the economic climate) not…

[Read more]

quote:
The way I see it, option A (the vendor assisting by lending part of the deposit) appears infinitely better to me than option B because I am very debtphobic.

That is partly because of my age and partly because of some unhappy experiences whereby I got caught (on more than one occasion) with loans whilst (because of the economic climate) not…

[Read more]

quote:
The way I see it, option A (the vendor assisting by lending part of the deposit) appears infinitely better to me than option B because I am very debtphobic.

That is partly because of my age and partly because of some unhappy experiences whereby I got caught (on more than one occasion) with loans whilst (because of the economic climate) not…

[Read more]

quote:
The way I see it, option A (the vendor assisting by lending part of the deposit) appears infinitely better to me than option B because I am very debtphobic.

That is partly because of my age and partly because of some unhappy experiences whereby I got caught (on more than one occasion) with loans whilst (because of the economic climate) not…

[Read more]

quote:
Wow am I the only one in Adelaide?!!
Or did I miss one?
I live approx 10km from CBD, own investment property down south by the coast in fleurieu pennisula which is where I spend a lot of my weekends with friends and family.

Tanya [8D]

Don’t worry I’m from Adelaide and I’m with a group called Platinum Partners Group.
We have been buying…[Read more]