I am with Christine on this one..

Good on ya Sooshie !! (don’t be embarassed, you deserve the praise)

You know, if we all help each other out, we will have an awesome community of like minded and succesful friends to share with.

cheerio from the Bruce []

Angie

the flip side of this is that (depending entirely on your numbers) you may well make a better % cash on cash return with less money in the deal. e.g. loan at 90% LVR

So better return, but, trade off is more exposure to interest rate changes as you have borrowed more from the bank.

Basically you need to do your sums and think over your…[Read more]

Don’t forget to smell the flowers []

Darren

so I guess that the problem that you are trying to solve is: “how to help people with about 1k to 2k deposit own their own home”

Bruce

Now what is a wrap ?

Sorry, it’s Friday humour getting to me….. !

AD Congratulations !!! I remember sooooo clearly the day we finally settled our first properties had people moving in, solved what seemed to be insurmountable problems and finally sat down and celebrated by going out and having a glass of nice champers…[Read more]

Hi Jason

re: how many had $4k deposit. Probably none…. But many had 1 to 2k.

In an interesting twist of events we found one lady that had $25,000 deposit and no one would give her a loan to buy a $50k house(how is that for daft) !! A traditional lender finally relented and helped her out…. [8D]

What was your experience ?

Bruce

Hi All

Denise and I bought Steve’s “Classified Ad Secrets’. After reading and digesting it we were planning to write an ad but just ran out of time. Denise’s solution was to use the ad in Steve’s product word for word. []

We ran in 2 regional papers and got well over 60 calls over the weekend.

The product has some really great tips about…[Read more]

Hi Tara (and everyone else [])

good question to ask I must say !

I wholeheartedly agree with the other great advice given here. Do the numbers three or four different ways, add in all the costs you can possibly think of, add in a few extra % for contingencies and tehn see how it stacks up.

Steve & Dave’s 11 Second Solution is a great…[Read more]

Sooshie & Regina

WOW, you folks have some amazing stories. Thankyou both so much for sharing them with all of us !

I am really at a loss as to what to say about the experiences you both had. What about the scammers that Soosh has dealt with?! Mmmmm, after reading Regina’s post about how she was stiched up by the sly salespeople I just sat…[Read more]

Hey Sooshie !

Congratulations (and I reckon that I am echoing the sentiments of all of us []). Good on you for hanging in there and DOING the work after you found out the information !!

cheerio

Bruce

Tim

our experience is that you DO sign your offer. Otherwise it is not legally binding and is thus Q.E.D. not an offer.

Advice we have received is that: to be binding, an agreement for the sale of land (with/without improvements such as a house) must be reduced to writing.

If you were the vendor and someone gave you an un-signed contract to…[Read more]

Sooshie

Ta for info and time you spent to follow up.

What a scam !!! (makes me angry when I hear stuff like this [!])

Bruce

Hi Sooshie

I had trouble finding the story. Would you mind posting the precise link ?

Bruce

Hils

An anagram ?? I never thought about it before but how about:

Wholistic Returns Acquiescent on Providing Service

Mmmm,

in reality it is the process of “wrapping up” your property purchase (mortgage) in another contract of sale over a long period. Also called a ‘terms’ or ‘vendor terms’ sale.

Hey, anyone else got an alternate Anagram…[Read more]

Hils

Hi there !

It is my understanding (and of course I may be incorrect) that land tax in general applies to any property other than your own.

However, there are different rules in each state and you would need to talk to treasury in each state to find out for sure about the policy

cheers

Bruce

Sooshie_____________________

Good on ya maaaaate; I assume that it is still politically correct to say that to a lady ? []

Anyway, excellent for keeping it together in the face of adversity and pushing along. I will be very interested to hear the end result.

Building____________________
Hey funky name, is it an old family one [] ?

We have…[Read more]

Carolynne

1) It is your game, you make the rules []

2) Having said that, think about this:

$30/wk * 52 = $1,560 / yr per house

If you have 10 you now have a passive pre-tax income of $15,600 / annum.
If you have 20 you now have a passive pre-tax income of $31,200 / annum.

And if, as you say, you are almost no money down to establish them.…[Read more]

Felicity & Terry

what a sensational concept !

That is a great one to have in the bag of tricks. Thankyou both very much for explaining it ! []

BTW I understand that at certain times of the economic clock that investors use this asset class to benefit. Can anyone fill in the blanks here ??

cheers

the Bruce

“Life is a Dance”

PS thanks to Watto for providing the link for Sooshies “Useful Links” thread !

Hi Rodger

I wholeheartedly agree with Marcus.

It is your game, so don’t let them bluff you !

We have _always_ submitted written offers, in fact we always use our own contract and fax in a full application to the agent.

There are pluses and minuses with this, but we have found that it shows very clearly that you are serious. One good point is…[Read more]