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The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
Post Count: 696
March 22, 2004 - 7:18 am
Com’ on BB, you’ve been around the forum a while now you know the answers … me thinks you are sitting on your hands. Or maybe your feet!
This question is asked a lot and the answers are always the same … you have to walk the pavement and talk to the agents to find the gems.
I ask you what is your criteria and if you feel your town is not the place to invest do you want to tell us where you are!
BB from the posts you have made I know you are a smart cookie, but when you get to a point where you are dead set serious you’ll fall over deals all the time because they are there when you go “OUT” and look.
Good luck and keep us posted.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
Post Count: 696
March 22, 2004 - 5:51 am
James
You should be the Appointer, this is very important because it is actually the appointer that controls the trust. They can remove and change the trustee at any time, so if it is not you then some one else will control the trust and your investments.
Having said that the advise we received (hubby & I) is the one who is driving the investing, out of a couple, should be the appointer.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
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Post Count: 696
March 22, 2004 - 12:57 am
Hi Afloat
Thanks for sharing your story, it is most impressive.
Just thought I’d provide this link for you to Steve startegy section on finance, you might find this gives you some ideas to come up witht the money for more of your deals. Good luck and keep us posted.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
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Post Count: 696
March 22, 2004 - 12:48 am
Kave
Sorry buddy the forum is not for that. There are very strong guidelines on advertising and I suggest you have another ready of the policy so you are clear on what you can do.
But just a tip, you can post a tag letting people know that you have identified properties and then people can PM you if they are interested.
Feel free to contact me by PM or the admin if you need to discuss this further.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
Post Count: 696
March 22, 2004 - 12:37 am
Hi Holly
Welcome to the forum. Unfortunately looking for good cfp’s is indeed harder, but the web site is actually the hardest way to find them.
Everytime I go and inspect my properties or am in town doing a reno or the like I also find another property, it happened this weekend unfortunately with my move interstate coming up I can’t do the reno myself and have to pass it over. But if we were staying in Melb, it would definately be a rough diamond!
So do family weekends away and look around. Also work out what your criteria is that will help you to find what you are looking for.
Good luck
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
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March 22, 2004 - 12:26 am
I think Bec and Pelican are actually married! Who else would go on at each other like they do!
[jerry]
Cheers
Leigh K
The DIY Dog Wash
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@the-diy-dog-wash
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March 19, 2004 - 4:22 am
Yack
I had that same thought, but think that maybe we have both replied to another one of a similar nature in teh same forum room, and also had read this post a couple of days ago and they seem to be mixed up now!!!!!!!!!!![upsidedown]
Cheers
Leigh K
The DIY Dog Wash
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March 19, 2004 - 12:01 am
Hi Jesseelstak
Welcome to the forum.
I second your thoughts, however the forum is still part of the real world and is therefore made up of many different types of people with different beliefs providing the wide a varied group that we have here.
On the forum you will find there are a few particular people that really like a good bitey debate and others that want the case studies, and background info, you need to avoid the bits that seem wingey and capitalise on the other information.
You will also find that there are some topics on the forum that are on the same list as religion and politics, negative gearing view point and price of seminars. Don’t let the debate detract from your learning experience here.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
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March 17, 2004 - 11:51 pm
I suggested that the following two options might be getting in over one’s head:
ii) 100% vendor finance. If the vendor will lend you the money, you may not need a deposit
iii) 30% vendor finance. Bank lends 70%, vendor 30
kay henry
That is looking at both of those option in a one dimensional view. Just becasue they are called “vendor finance” doesn’t mean the person cannot get finance or that they don’t have the funds to acquire the property, it may be a method of holding the property until a time when you are ready to use your own funds to do the deal or until you have some others deals put to bed before you go back to the bank.
Vendor financing the deposit which is known as a second mortgage is very common, Both options are a form of leveraging!
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
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March 17, 2004 - 11:42 pm
Now you’ve got me!
Cheers
LeighZ
The DIY Dog Wash
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@the-diy-dog-wash
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March 17, 2004 - 7:17 am
I Like I Like [thumbsupanim]
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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March 17, 2004 - 7:14 am
Good point Chans
If you are not referring to Steve’s then try you local library you should be able to borrow it there.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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March 17, 2004 - 7:11 am
Just because you are not putting any money into the deal doesn’t mean there is no deposit or that the deal is overyour head.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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March 17, 2004 - 5:02 am
Ours is a regular business account with NAB.
Cheers
Leigh K
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
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March 17, 2004 - 4:57 am
Hi George
It was great to see you up on stage discussing your deal, I hope you got a lot out of that session as most investor would never get the opportunity for that same type of brainstorming session.
I hope you keep up posted about how it goes.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
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March 17, 2004 - 4:54 am
Hi Craig
OK stick with me here I need to keep readingover your post so I can remember it all.
First, welcome to the forum.
A general answer to your post is, “most” people on this forum invest for cashflow not capital gains. Whilst we haven’t got a problem earning both but first and foremost the cash is the goal.
Yes it is hard to find them but with some experience you will learn to identify opportunities that will make you money from day one. I beleive that an investment is ment to make money.
Ultimately there is no real right or wrong way so long as you are doing it according to your own goals and level of comfort. So by following the example you used if it gets you to your goal ina time frame that suits you then that sounds like a plan to me.
However … just because you can’t see one on RE.com don’t think they don’t exist.
Cheers
Leigh K[biggrin]
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
Post Count: 696
March 17, 2004 - 4:42 am
If you are ready to invest … and I am “assuming” that you aren’t … it is worth buying, otherwise hold your money.
If you do a search on the forum you will find this question is asked a lot and you get a lot of feedback about it.
Good luck
Leigh K
The DIY Dog Wash
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March 15, 2004 - 9:34 am
Well done P Guru
Big effort!
Cheers
Leigh K[]
Carve your own path and lead the way.
The DIY Dog Wash
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@the-diy-dog-wash
Join Date: 2003
Post Count: 696
March 14, 2004 - 11:19 pm
Yack
Yes I was. Actually my husband and I were! Along with a number of MAP participants that did Q&A sessions for everyone.
It was a great day, long hard work, but great fun, met great people and EVEN learnt something.
It was especially surprising to see areas covered that I know Steve hasn’t done before. With the introduction of new technology – out with the old and in with the new!
Cheers
Leigh K[]
Carve your own path and lead the way.
The DIY Dog Wash
Member
@the-diy-dog-wash
Join Date: 2003
Post Count: 696
March 14, 2004 - 7:46 am
Could I please remind everyone that this is still advertising and as such is not allowed on teh forum.
Could you imagine what would start to happen if anyone and everyone could post for spotters … blah!
Regards
Leigh K[]
Carve your own path and lead the way.