Forum Replies Created
One other thing you cannot do is introduce the buyer to the seller or the sellers agent, as this is deemed as being the agents representative.
Cheers
Leigh K[biggrin]I have also been looking at commercial deals and noticed that some times it is hard to tell but generally when it has comments like WIWO, established business, long lease etc it is usually a business.
On realestate.com there is a retail section that does have some premises with tenants but the better section is the investments section however every man and his dog would also be looking there. Therefore it is best to pound the pavement as you will get the exact info you are after.
Cheers
Leigh K[biggrin]Wrap Attack
We use trusts for assett protection. A company as the trustee provides an additional layer of security.
Cheers
Leigh K[biggrin]Wrap Attack
With such a grand plan I think you should definately seek very good legal & accounting advice before you commit yourself to it.
Good luck, keep us posted on your progress.
Cheers
Leigh K[biggrin]That’s brilliant Anubis, thanks.
Can’t wait for the second book!!!!
Cheers
Leigh K[biggrin]Try Steve McNight!
Cheers
Leigh K[biggrin]Gerard
I can understand a newbies point of view in this case, it is hard, but there is more to finding a deal than searching the internet. Good deals are made as well as found.
As for Realestate.com I was looking there last night and found maybe 3 houses and a very interesting block of units that met the 11 sec sol even before negotiations begin.
The houses were in a victorian town of approx 3000 ppl, the units – dam I can’t remember where they were, oh well I am just going to have to search them out again.
The market is tighter now but the deals are there, and spending time hear and absorbing the content will help you find them too.
Remember the book is an account of two mens experience and is there as a guide to being a successful investor aslo. Ultimately you will develope your own strategies and measures.
Cheers
Leigh K[biggrin]Ah my little Sooshie Roll[inlove]
As usual you have intrigued me and of course I would love to hear more. I also know where you live [evil4]…
Cheers
Leigh KYack
I do have a free invitation which I am gladly accepting for having been a moderator, but as previously mentioned I have also paid full price for a seminar ticket. The generous offer made by Steve to his moderators means I am able to take my husband along instead of just me, which is great since we are an investing team.
I have also been to the Aust Prop Masters – full price as a participant (for two people), The Wraps Seminar – full price as a participant (one person), Steve Live – for free and as a helper on the day and then this one coming up – you could say half price but I will only be a participant as I have nothing to do with the seminar.
I am attending this one as I do beleive that Steve & Dave have something worthwhile to share and we want to hear it. The seminars we have attended in the past have indeed seen us on our way and to build and manage what I concider to be a successful portfolio.
I am especially looking forward to catching up with our friends that we have made in teh investing community through Steve’s seminars.
Regards
Leigh K[biggrin]Oh Yack!
Must we always do this.
fYi, I have parted with $495.00 paid via visa online. I do have a receipt will that be necessary?
LK
They like to know of any improvements that you have made to the place.
Cheers
Leigh K[biggrin]WallFlower
Have a read of Steve’s post from earlier re: SOLD OUT, he mentions that you can put your name on a waiting list.
Maybe you need to change your alias so you don’t miss out next time!!![lmao]
Cheers
Leigh K [biggrin]We’ll be there.
See then Del!!!!
Cheers
Leigh K[offtopic]
Get back on topic or this thread will be closed.
Leigh K
ModDelboy
with most banks you can’t tell them that you are wrapping.Always disclose to your financier that you are wrapping as you don’t want to loose your shirt if things go bad.
As for finance, it is based around having the 80/20 LVR or 20% deposit which comes from the first wrap to help get you into the next wrap etc.
With a wrap you are generating additional income for yourself/business and so when you go the bank you can demonstrate that you have got a income stream from that investment.
Cheers
LeighK [biggrin]There is a lot more to wraps than just finding some family for your house and getting your solicitor to prepare the paperwork.
There are reporting requirements that you have a responsibility for, you have to manage the wrap it’s not a set and forgot strategy, so a wrap kit or course will give the guidance to be an ethical, correct and upfront wrapper.
I saw the contents of Steve’s wrap pack before it went to print and I thought to myself, as the owner of a wrap, that I thought I had learnt all that I needed to do wraps but the wrap kit is very detailed.
It’s a small investment for a serious investor.
Cheers
Leigh K[biggrin]The Fair Price and the Market Price are the same thing!
Just as FW said … it is the price that boths parties are happy to pay and receive.
Negotiation is part of the game.
Even though they are getting divorced they won’t accept a price that is totally out of their expectation. But because they are getting divorced they will be more open to a reasonable offer and that might be a lower price for a quick turn around … it’s all about give and take.
Cheers
Leigh K[biggrin]Thanks for the unquavering support!!!
Cheers
Leigh K[biggrin]Gday Bill
I knew you would pop back up out of the shadows, so I kept a note of your predictions from 2/2/04 they were
1. Property will lose value by 25% over the next few months
I dont have any property that has lost value by 25%, how about anybody else?
2. US $ to reach 90c by year end
Well we aren’t at years end and we had a flurry but we haven’t gotten to 90c either.
3. Wrapping problem in a few months
Would you like to clarify what problem that was going to be now? The only wrap problem I have had is the council won’t update my mailing address[evil4]
Bill, drop in drop out but don’t try to claim that the people that know you know you are positive[blink], cause you sure don’t show it here!
Cheers
Leigh K[biggrin]can you borrow against that valuation to leverage into another property? So, effectively re-using that money to secure another one.This sounds too good to be true and Im sure some humbling person is going to tell me so…
Sorry buddy, but you cannot borrow against a house that you have onsold to another person, the capital growth becomes the new owners gain.
Cheers
Leigh K[biggrin]
