Hey Melbear,

dont worry, no need to get jealous at all, if anything like that happened, ill say that i got an older sister named Mel and shes the real successor, []

cya later sister[],
s.i.s

“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Team,

Actually there is another way, to do this and this protects the vendor, the real estate agent, you the spotter and the purchaser.

How this is done is that a contract agreement form is created and actually can be downloaded from one of the government websites.

This contract of agreement is set as were, a spotter is able to purchase the authority like the real estate agent to sell the property as a middle person between both the real estate agent who is the 3rd party and purchaser, and be able to gain a small comission as being a middle person(spotter).

The agreement is set out, as were the agent agrees to sign a contract were the spotter is give say 1 week – 2 weeks to sell the property, before the agent takes away the spotters right to sell that property.

The agreement stipulates that the agent can not sell the property to anyone else until the contract between the real estate agent and spotter has expired. In this period of time, its up to the spotter to find a purchaser, who is interested in purchasing the property, the purchaser can not go directly to the real estate agent to purchase the property as an agreement is drawn up, stipulating that the agent cannot sell the property until the spotters time frame or period is up.

Doing this protects the spotter from, someone sourcing out the deal from them, and then trying to go directly to the agent and have just used the spotter for finding the property yet cheating them and not dealing through them.

Im not sure of the site, were these forms are downloadable, but i know PropertyGuRu has been able to get copies of this, yet he is on holidays at the moment.

hope this helps
cheers
s.i.s

“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Kay Henry,

Thanks heaps, though sounds like a good thought, though, i rather just think, ive been lucky and share it with you guys, the more successful stories to me, are single parented parents, bring up a few children and managing a full time job, while also managing a property portfolio….. to me this is more impressive and a much higher and better achievement, and something that i would be more enthusatic to read and put a smile on my face.

Thanks heaps though

cheers
s.i.s

“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Shirley,

Paul Clitheroe calls this “House Swapping” very legal and done quite often with parnets and grown up kids in the same idea or position as you.

cheers
s.i.s

“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Team

doesnt that also apply to hybrid trust? that you can also distribute losses against income?

cheers
s.i.s

“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Kay Henry,

Majority of the properties have gone up in value of $40k and up, one of my negative geared properties went up about $150k in 2 months, the market value for it, is now around the low $400k and is situated in Wavell Heights about 10mins from the heart of Brisbane city, the first 3 i purchase are about double the price now. With a currnet market value of $220k – $270k each. Most of my properties are in metropolitan areas, though i only have a very small few, purchased in country towns.

But for about 5 of the properties now, they are all over and above the $200k mark.

cheers,
s.i.s

“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Bruce,

oh boy…. man, take a chill pill…. relax, this is a forum, you must understand and realise why others, here are not happy with your intentions for exposing somes efforts and deals to locate +ve cashflow for other investors and people on here.

Sometimes you have to let things go and sit back and watch, im sure that the people who were interested in Bears’ deals would have futher done more due dillegence, and figured for themselves, if either they should carry on with a spotters deal.

But for what you have have done, and carried on like this, im sure many of us, are now thinking twice before advertising or mentioning +ve cashflow properties, its people like you…. who ruin things for other people and further benefits, that they could of, or have recieved, many great deals or statistical information, that can be very helpful for many of us.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Merry Christmas and Best of Luck with your New Place, Look forward to hearing you again in the New Year.[:D][][]

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Melbear & Team,

Due to how expensive housing affordability is now, do you think in some rectrospect, that the government, might push or the banks might see fit, to begin and allow servicing 40 years period loans?

For Example if first home buyers, cant get into the market, maybe perhaps this is another way that can be achieved to help them, get into the market.

Spreading the Actual repayment over a 40 year period would make weekly, fortnightly and monthly repayments less, even so much less than a 30 year period, that the first home buyer could easily make repayments and many properties that investors would seek, would also become positivily geared.

Even with this situation the banks will still be making a bigger profit, if people do decide to pay their mortgage loans over a 40 year period.

What are you views? do you think 40 year loans is all talk or do you think, they will come in place to keep up with the price of housing affordability?

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml

Hi Bear1964,

Here is a link for you, that might be of some benefit,

http://www.somersoft.com/forums/showthread.php?s=915bc5631dc0fd154b11071b2af8e320&threadid=13263

I agree with what you have said and all, and also for myself, i dont like the ways of how Bruce has gone about spoiling and ruining your helpfulness of finding such properties and helping new investors or investors who are tryin to get into the market.

Maybe we should, find his property and expose it?

and see how he likes it.

cheers
s.i.s

Save on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”
http://www.theenlightenedway.com/tools/mil_calc.shtml