No Problem BDM,

Glad i could help in some small way…

I know i for one have recieved help and support from members here and at other forums such as Jan and Ian Somers found here….

http://www.somersoft.com/forums/index.php?s=

or over here at the Ninemsn group….

http://groups.msn.com/PropertyInvestment/welcome.msnw

cheers
watto

Cameron Bird advertise heavily in API mag….

In the current issue they have a sealed envelope….opening it up reveals a printed document “How To Retire Wealthy”

After a quick scan its about them finding +ive cashflow IP’s in BNE, VIC and NSW…..

do your due dilligence and as always caveat emptor…

cheers
watto

Here we you go….

http://www.metropole.com.au/

don’t forget to subscribe to their monthly newsletter it’s a good read and it’s free….

no spam either just a monthly copy of the newsletter….

go for it Sooshie…

cheers
watto

Here is a couple of starting points….

http://www.selfsell.com.au/

http://www.owner.com.au/

http://www.privatesale.com.au/privatesale/

http://www.anreps.com.au/

Well thats a start for u….

Sooshie you are welcome to add them to other links post….

cheers
watto

Thanks darren b,

quote:Wouldnt have a clue Watto. I saw there add in a mortgage originators magazine and filed it for future reference as 80% could be handy one day.

I did a google search and found this to tuck away for future needs……. [8D]

http://www.aaamortgages.com.au/default.htm

cheers
watto

G’day All,

Got my free book on “super in a nutshell” the other day and had a quick flick throughh it.

For a freebie it’s ok. Will get around to a full read sometime soon.

cheers
watto

G’day darren b,

quote:Try AAA Mortgages in sydney 02 92991144. 80% on commercial, minimum loan 500k, 7.75%. They will do 5.85% for 60% LVR.

Will AAA do 80% on Freehold/Leasehold deals?

Will they do 80% on value of Freehold?

What are they like to deal with?

cheers
watto

quote:Regarding “tax avoidance”:

Tax EVASION is illegal, but tax AVOIDANCE is not only legal but should be everyone’s aim!

I think tax AVOIDANCE is the wrong word to use!

You possibly mean “MINIMISATION is not only legal but should be everyone’s aim!

I don’t see the point in evading or avoiding tax when there are plenty of legal ways to…[Read more]

G’day Sooshie,

No need to ask, if you think they will serve some purpose, then go for it.

BTW well done on the wrap….

cheers
watto

Ohhh the joys of the simpler TAX SYSTEM……

cheers
watto

Edited by – awatto@bigpond.net.au on 16/01/2003 10:39:14 PM

G’day Guys,

LMI need not apply when using 100%+ finance on a deal.

The use of a LOC account secured against another property will allow you to make up the difference between the 80% lend from the bank.

cheers
watto

Cheers
watto
Melb Freestyler

Gee Steve why have you and Dave set the bar so low…[]

cheers
watto

Edited by – awatto@bigpond.net.au on 13/12/2002 8:20:38 PM

G’day Sooshie,

No probs Sooshie, transpose away…

cheers
watto

G’day Barny,

I have not recieved a copy as yet, but others i know have and reports are mixed, but its a freebie and thats gotta be good….

Cheers
watto
Melb Freestyler

Edited by – awatto@bigpond.net.au on 12/12/2002 9:53:35 PM

Normally you are required to have at least upto 5 times the value of the Deposit Bond as security. This can be either cash or equity in another property. Not sure if they will accept a share portfolio as the basis of security.

Also it should be remebered that when settlement is due you actually need to be able to come up with the…[Read more]

The Somersoft forum has a new home it can be found at…..

http://www.somersoft.com/forums/

also while you are there drop into the chatroom and see who’s in….

Cheers
watto

Cheers
watto
Melb Freestyler

Gday Sooshie,

Here are 3 more sites that have lots of good info…

http://www.wealthtipsonline.com.au/

“Welcome to wealth tips online. The information on this site outlines proven tips, strategies and techniques that will improve your personal wealth and boost business profits. This is a mentor site. My aim is to help you learn to use money to…[Read more]

Gday Michael,

This one is a new forum with some interesting stuff from an interesting investor…..

http://www.wealthesteem.org/phpBB2/index.php

Lots of property posts in here……..

http://groups.msn.com/PropertyInvestment/welcome.msnw

Cheers
watto
Melb Freestyler

gday Sooshie,

Here is a link to a couple glossaries that might help…..

http://www.creativefinance.com.au/pages/glossary.asp

http://www.creativefinance.com.au/pages/abbreviations.asp

Cheers
watto
Melb Freestyler

G’day Matt,

Don’t forget to figure in closing costs when you do the numbers.
Also the 100K left in the deal by the vendor will usually need to be paid out in a short period as Steve mentioned, this is a P&I loan on very short term.

Cheers
watto
Melb Freestyler

Way to go AD [],

It looks like the ball is rolling.

I would be interested to know what type of info you send out to prospects.

Are their any other wrappers currently/previously working in your target area?

Are you planning to do more than a couple of wraps?

Cheers
And
Good luck with your wraps.
watto

Cheers
watto
Melb Freestyler