jdl strategies

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Henry Adams
Member
@henry-adams
Join Date: 2011
Post Count: 105
August 27, 2011 - 2:28 pm
Portfolio PI wrote:
Terryw wrote:
……….
Henry, if they have sent you contracts they should have all land and building details disclosed. The purchase packages that we send to our clients (bearing in mind we dont get involved with the mortgage side of things except referring who we use if people need one) are about an inch thick with building plans on the land, building inclusions, HIA build contract, land contract, forms for the client to fill in for any grants/bonuses from the government etc.
Yes, I also just realized that what they ask me to sign is the paper to execute the deal on the behalf of them (their solicitor). They don’t include the land and building details enclosed with this contract at all. It is just the Bankwest loan application form, National Finance Broker Contract and the projected value of my properties in the next 20 yrs value assuming 8.5% Capital gain per year in average with 8% interest rate and 3 weeks per year vacancy rate.
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
August 27, 2011 - 3:16 pm
8.5% pa capital gain for the next 20 years is extremely high!
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email Me
Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
Josh Atherton
Member
@josh-atherton
Join Date: 2011
Post Count: 269
August 27, 2011 - 10:29 pm
unless you are going to live in the property you do not get any first home buyers grants or stamp duty concessions/rebates in QLD. you would only be eligible for the $10,000 building grant if you purchased a brand new home.
it sounds like they have tried to sell you an overpriced unit and when you’ve questioned it they have provided you with a better priced product. just in a bad area still!
Run Run Run is all I can say from what you have told us Henry.
Henry Adams
Member
@henry-adams
Join Date: 2011
Post Count: 105
June 27, 2012 - 2:37 am
Portfolio PI wrote:
unless you are going to live in the property you do not get any first home buyers grants or stamp duty concessions/rebates in QLD. you would only be eligible for the $10,000 building grant if you purchased a brand new home.
it sounds like they have tried to sell you an overpriced unit and when you’ve questioned it they have provided you with a better priced product. just in a bad area still!
Run Run Run is all I can say from what you have told us Henry.
Hi Mr. PI,
I’m glad that I didn’t go ahead with the JDL strategies, I did shed $880 down the drain and that was it a painful in the pocket last year.
and now with the same amount of money ~ I can buy my investment property in Strathfield (http://localvoices.realestate.com.au/strathfield-strathfield-sydney-greater-new-south-wales) all by doing my own research and God’s help
SiteManager
Participant
@sitemanager
Join Date: 2015
Post Count: 56
November 20, 2015 - 4:32 pm
Hi @henry,
I believe now it is the good time to consider COOMERA as the next boom suburb in QLD
Disneyland: http://www.news.com.au/travel/travel-ideas/family/new-billiondollar-theme-park-to-rival-dreamworld-to-be-built-by-chinese-developers/news-story/ec83e943b9fc3aae9c50d80689cc5850
Westfield Mall development http://www.coronis.com.au/blog/a-decade-of-planning-sees-coomera-flourish
I’m sure those tow big companies have done their due diligence to invest multi billion dollar in the area.
Any thoughts and comments on this suburb will be greatly appreciated.
Thanks.
SiteManager
Investing for a better future