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In what way did the buyer’s agent think it was a bad idea?
The more in a complex, the cheaper it is to buy (because it’s cheaper to build) and the greater the returns!
Vacancies can be higher in multi dwelling compexes, but these should be factored in to your calculations.
Re the 7%, it could be a good deal, depends what you exit strategies are (what are you hoping for?)
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/why wouldn’t you leverage and buy $2 million worht of property, borrowing the rest?
I don’t think it’s about how much money you have to invest, it’s about what your action plan is!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/You can secure a registered 2nd mortgage for the balance on the title of the property. in this case the title is transferred now.
I f you really want to be creative you could take out a promissory note for the balance. This is just something that is interesting to me but I dont really understand it fully.
Here is a definition
http://www.anz.com/edna/dictionary.asp?action=content&content=promissory_noteand off course ASIC have something to say too
http://www.crikey.com.au/business/2003/02/10-investment.print.html
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/just found this too:
Happy Reading [biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/and this may be what shwing was referring to:
http://www.crikey.com.au/business/2003/02/10-investment.print.html
thanks mate [biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/thanks to all,
I found a great definition on the ANZ website if anyone is interestedhttp://www.anz.com/edna/dictionary.asp?action=content&content=promissory_note
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/yep bought stuff before, no problems!
cant comment on the type of security codes etc they use though. [blush2]
might have to ask someone with a bit more computer knowledge about that one
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/No can’t help you there sorry!
But what a great idea, let me know what you find out, I can use some for my room to elimnate screaming kid noises!!![strum][sleepy2]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/so what exactly is the crime?
How were the deposit bonds fraudulent?
Is it illegal to buy properties at one price and on sell them for a higher price at a seminar? I thought people did this all the time?
I really just dont understand what he did wrong, then again, I have never looked into it to any great depth.
anyone care to elaborate?We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Both courses offer some BASIC investing principles. You could learn something from both depending on what stage you are at.
No course gives you step by step guides on how to invest or buy properties, the nature of investing makes this impossible!
It’s like giving a step by step guide on how to swim!By all means start out by doing courses if you have no or little fundumental background, but the best teacher is experience!
sorry, couldnt tell you if one is better than the other, depends on what your niche is! But both are very basic!
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/Thanks SIS,
great to have you back![biggrin]
We buy properties in Adelaide. No Agent Fees.
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INCREASE THE CASH FLOW FROM YOUR INVESTMENT PROPERTIES!
http://www.renttoownau.com/ http://www.vendorfinanceau.com/we use it and recomend it, what are you comparing it to?
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582don’t know any financial advisors, most are too conservative for me and preach strategies that will keep you poor.
I use a property advisor from NSW.
please email me if you want details
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582thanks! have that one on my shelf but have not read it yet.
maybe I better get a move on?
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582How about their use as a vendor financing instrument when properties are purchased?
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582I’m not an accountant, but my observation is that only interest can be claimed, not the principle.
any money that is put towards reducing down the loan is not claimable!
with positive geared properties, you can claim it, but what are you offsetting against if you are making a profit?
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582some investors call them promissory notes!
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582sounds like it’s very similar to a second mortgage, except it can be secured, or unsecured and security can be taken over anything, not just the property in question!
and it can be sold on its own, without the property.
a note is defined as a “promise to repay debt”
very interesting reading! Those yankee investors seem to be very innovative in their approaches, just wondering if anyone has done anything like this in Australia, or it if IS doable?????
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582sorry Tony, can’t answer your question as I have never compared either wrap product. Payments by installments are against the law in SA so I have never looked them up to any great depth.
all the best
We buy properties in Adelaide. No Agent Fees.
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phone 0412 437 582great post Jen,
spending time with my kids doing anything they want to do!
We buy properties in Adelaide. No Agent Fees.
[email protected]
phone 0412 437 582
