What does it mean when a property is for sale by tender? How does it work differently? What is the advantage to buyer and seller?
Also, I sourced a property that was originally built as a Housing Commision House (I was told). What does it mean? Does it any different to any normal residential property?
And one more question, talking about positive gearing, does it mean at the times when I tend to go for high capital growth, I have to sacrifice the rental income as it does not catch the speed of capital growth? Or is there anyway that I can benefited the max from both?
Have anyone heard of the Mint Group? They are the business consultant recommended by Robert Kiyosaki. Have anyone tried their service yet? Any idea about the cost? I want to consult about business structuring for investment from properties and my business. Or can anyone suggest any good business and financial consultant? I am based in Sydney.
Thanks heaps!
Julie
I don’t think the Mint group come cheaply, but I would guess that they are pretty good – Bruce Whiting is a top guy who certainly knows his stuff.
To benefit ‘the max’ from both CG and Rental Yield would be to buy two properties!
Housing Commission homes ‘generally’ are seen as lesser homes by a lot of the population. I think they often all look identical, and are mostly smaller than privately built homes. Not sure about other states, maybe others can help out here.
Sale by Tender is sort of a silent auction. You have to submit your bid in writing before a due date, with your price and conditions. The sellers then go through the offers, and choose the one they want to accept. Not sure of many ‘benefits’ for buyers….
Cheers
MelThank you for your information, melbear.
Anyone investing on commercial property? Could you suggest on me what is the best way to get started on commercial? Where do you suggest I could start a search and source for a more original condition of a commercial property? . Most I could find is already refurbished.
Thanks again.
Hi Julie,
I am a real estate agent in regional South Australia and I am not sure if much of this information differs from state to state but here’s what I can tell you…..
Housing Trust homes can come in a multitude of styles, designs and sizes. The term housing trust refers to the (well, here anyway) The South Australian Housing Trust which since 1942 has held all it’s property for and on behalf of the Crown and was created for the purpose of building or otherwise providing dwelling houses for rental or sale.
I guess it means that most of the homes are going to be old too because it was first established in the 1930’s and as Melbear said they tend to be pretty small.Sale by tender is pretty much exactly what Melbear said it’s like a silent auction. The house is displayed for sale without a price and all details including section 7 statements (just like an auction) are displayed until tender is closed. During that time interested parties put in offers which are sealed in envelopes and all presented on one day in front of the vendors. The vendor can then choose to accept or decline which ever offer they desire if one at all.
The benefits for the vendor is that marketing without a price targets all buyers and can generate a lot of different offers because everyone needs to submit their BEST offer at tender.
For the purchaser I guess some people don’t like auctions so the idea of a confidential bid is sometimes appealing and can also prevent bidding from getting out of hand (Buyers tend to spend 20% more than they originally plan) when the purchaser is competing against other bidders.Hope this information will help somewhat…… good luck with your ventures and HAVE FUN!!!
-Blondie[cowboy]
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