Stan replied to the topic Wholesale Property Brokers in the forum General Property 21 years, 1 month ago
Be very CAREFULL with those guys.
They do inhouse valuations and inhouse
finance. I know a person who bought from
them and then couldn’t rent the place for
six month and valuation was overpriced.Stan replied to the topic I thought I had found one in the forum No Subject 21 years, 2 months ago
I did a quick calcs and assuming all 6 units are
for sale for 170K they are 16K a year positive
pre-tax and 13K positive after tax at 30% tax braket – 14.0% gross yield and 10.2 net yield.Because it is a 6 units the bank will consider
it a comercial property and will probably only
land 60-70% of the total value.Stan
Stan replied to the topic Anyone heard of Rick Otton’s +Cashflow seminars? in the forum No Subject 21 years, 2 months ago
Rick Otton does seminars on wrapping.
Stan replied to the topic investment books in the forum The Treasure Chest 21 years, 2 months ago
I would suggust all the books in this link
http://www.gatherumgoss.com/suggested_reading.htmStan replied to the topic richmastery in the forum The Treasure Chest 21 years, 2 months ago
I have been on Richmastery on August and the found the contents of the seminar is very good. Their property Analysis software is easy to use and understand as well. They are advocating on buying properties 10%-20% below valuation – hence the canning from Jenman. IMHO they put a “win-win” in a different wording – I suspect this might upset a few people.