sumnerstephen replied to the topic Australian Real Estate Stats in the forum Help Needed! 11 years, 5 months ago
Thanks again JP. How long were you and agent for?
sumnerstephen replied to the topic Australian Real Estate Stats in the forum Help Needed! 11 years, 6 months ago
It’s research for a product I’m currently looking at that I may be able to offer Real Estate Agents.
sumnerstephen replied to the topic Australian Real Estate Stats in the forum thanks JP. Any suggestions on 11 years, 6 months ago
thanks JP. Any suggestions on how to
sumnerstephen replied to the topic 3 unit development in Epping VIC in the forum Value Adding 11 years, 7 months ago
Hi Oscar. Great post. It's always good to read about people taking massive action. I find it very inspiring. thats what this site is all about.
How do you plan to sell the units? On your own or through an agent?sumnerstephen replied to the topic Help needed in the forum Hi Rosebud. Another 11 years, 11 months ago
Hi Rosebud. Another suggestion would be to see if you can get the developer to carry back the deposit as a second mortgage. I do this with developers which allows me to package a house and land deal to a buyer who then gets to buy a home with very low deposit. As with any property transaction, It all depends on the developer's circumstances.…[Read more]
sumnerstephen replied to the topic Rent To Buy in WA in the forum Rent To Buy in WA 13 years, 2 months ago
It infuriates me to read articles like this. Unfortunately, armed with a few VF strategies and a PTY LTD company, it seems any idiot can get out there and mislead people & do some serious damage for the industry. The value of good education is paramount in this case. I good teacher/mentor/coach would never have allowed a student to practice in…[Read more]
sumnerstephen replied to the topic What’s the best way to find joint venture investors? in the forum Creative Investing 13 years, 2 months ago
duckster wrote:
Cath if you want to find jv partners you need to find motivated similar property investors which you could meet at seminars.Dr Gordon Ku has a seminar that is teaching what you are trying to achieve.do a google search on dr house propertyIf you want to meet other similar investors you need to network before a deal comes along so…[Read more]sumnerstephen replied to the topic PPOR now rental. What if we sell? CGT in the forum Legal & Accounting 14 years, 5 months ago
Thanks. Very helpful indeed. To answer your question BTW, what I meant by the 12 months statement was that we would have been out of the property for 12 months within the coming weeks.Those links have shed a bit more light on this for me. Thank youStephen
sumnerstephen replied to the topic Premium Finance. Anybody know about these guys? in the forum Finance 16 years, 7 months ago
Thanks guys. I appreciate the feedback.
sumnerstephen replied to the topic Premium Finance. Anybody know about these guys? in the forum Well I can now give you some 16 years, 7 months ago
Well I can now give you some feedback. The service they offer is all about creating a strategy to reduce personal debt, access better tax benefits and hence have more money to invest in property. (I think the whole $6500 tax rebate mentioned on the phone was just an inexperienced telephonist). Where they make their money is on the commission…[Read more]
sumnerstephen replied to the topic Premium Finance. Anybody know about these guys? in the forum Finance 16 years, 7 months ago
Well I can now give you some feedback. The service they offer is all about creating a strategy to reduce personal debt, access better tax benefits and hence have more money to invest in property. (I think the whole $6500 tax rebate mentioned on the phone was just an inexperienced telephonist). Where they make their money is on the commission…[Read more]
sumnerstephen replied to the topic Premium Finance. Anybody know about these guys? in the forum Finance 16 years, 7 months ago
Meeting the consultant tonight. I'll keep you guys posted. I managed to find the website and actually rang the customer services to try and get a better idea of what they do.http://www.premiumfinance.com.au
sumnerstephen replied to the topic Reno Toolbox “Quick Anyalsis” not resulting in any potential deals… in the forum Thanks for the comments 16 years, 10 months ago
Thanks for the comments guys. I think I may have worded the question wrong. The 33% on top of the purchase price was not he margin. There is only a 10% profit the rest is as follows: aquisition costs (+-5%)interest (+-8% for 6 months) reno cost (10%)selling csts (4%) and profit (10%). This is where I am struggling because all the properties that…[Read more]
sumnerstephen replied to the topic Martin Ayles book in the forum Anyone know if this offer is 17 years, 1 month ago
Anyone know if this offer is still available?
sumnerstephen replied to the topic Melbourne units- 109 Clarendon Street. Any in the forum Help Needed! 17 years, 1 month ago
Cool, thanks timmcm
sumnerstephen replied to the topic Melbourne units- 109 Clarendon Street. Any in the forum Help Needed! 17 years, 1 month ago
Do you think $348k for a one bed is expensive?
sumnerstephen replied to the topic Multiple offers on a property. Possible? in the forum Thanks John,
I actually just 17 years, 1 month agoThanks John,I actually just gave REIWA a call and it's all legit. Apparently it's possible for vendors to be presented as many offers as possible at once and they then decide which one they'd like to work with or accept.I just had a 'post-offer' freak-out. It's our first IP and really nervous.
sumnerstephen replied to the topic Renovation Toolbox Q&A in the forum Value Adding 17 years, 2 months ago
Thanks all. I was just about to post a question on exactly this topic. You've answered a few of my questions, and was great to actually see Dean's website. Really interesting stats as well.Do any of you struggle to find properties that meet the formulae criteria. My partner and I are in Perth and we have viewed so many properties but none stack…
sumnerstephen replied to the topic Advice needed. We’ve hit a dead-end! in the forum Finance 17 years, 3 months ago
Thanks Richard. Do you have any suggestions for where we should be looking or brokers?
sumnerstephen replied to the topic Advice needed. We’ve hit a dead-end! in the forum Finance 17 years, 3 months ago
What I didn't mention was that we have about $180k in equity on a $280k property in Christina's name. And the amount we looking to borrow for our reno roject would be around $330k (including renos and holding costs). Would we still be within the 80% LVR.
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