As far as giving credibility to the money paid through out the transaction you have two options.
Use a very good trsacking tool like the WAMM (www.darlop.com) and/or run everything through a real estate agent much like rent but without the inspections. Obviously you would push for a cheaper rate without any real work involved for the managing…[Read more]

Hey all,
From my simplistic understanding of this stuff, the reason you wouldn’t make it a beneficiary is because you do not want the compnay to hold anything of value. If you distribute funds into the Company then it has something worth being sued for. If you have a $1 or $2 company it is only worth……you got it $1 or $2. It is just another…[Read more]

I’ve just been switching mine to MGA on the advice of my agent. They feel that the policy has greater coverage. And no they don’t even get a commission from MGA.
Enjoy

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“Don’t dwell on reality; it will only keep you from greatness.”
-Rev. Randall R. McBride, Jr.

Hey David…..What do you feel comfortable with ??
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“Don’t dwell on reality; it will only keep you from greatness.”
-Rev. Randall R. McBride, Jr.

Drop me a line Learner.

deero@optusnet.com.au

Enjoy
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“Don’t dwell on reality; it will only keep you from greatness.”
-Rev. Randall R. McBride, Jr.

Even with good equity it will be a bit ore of a challenge to get finance…..note that I said a challenge not impossible. Talk to a good Mortgage broker and see what they can do. Which part of the world are you in maybe people could suggest somebody they have used with satisfaction.

It would be good to use your equity as a deposit that will…[Read more]

Hey Sooshie,
You must love wrestling with crocodiles. Well done and I thought his answers were very……amusing. It’s good for us to know that there are still many people falling for Negative gearing from marketers (the very worst kind of Negative gearing). It’s a shame that there will be others unlike yourself who are not so savvy and will make…[Read more]

I would like to but then I am feeding you rather than letting you guys hunt. To give you that info will domesticate and limit your opportunities rather than leave you wild with unlimited potential.

Good hunting……

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Hey Elvis….

Other thoughts….

*Infrastructure
*Public Transport
*Shops
*Types of roads (lit or not)
*School
*Police
*Amenities both in the property and nearby the property (Parks, etc……Town gas, etc.)

Here are a few more to think about

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on…[Read more]

Hey there,
Forunately we are not like the USA and the way they have extreme opportunities for investors in the forclosure world. Most backs here have to send their property back through agents for tender and or auction so they can clearly show the individual forclosed on that they obtained the top price….What the market will pay is the best…[Read more]

Hey Dragon,
Just to give you an up to the minute example of buys out there…..
Here are two I bought last month
2 bedroom $54000.
3 bedroom $83000.

Here are two I am looking at presently,

Duplex listed for $80,000 (both)
Two houses listd for $90,000 (both).

There are opportunities out there right now.
Keep searching. I spent months doing…[Read more]

Hey Go Girl,
The address is
deero@optusnet.com.au

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

I’d love to go Steve…..if only I could afford the time.
Enjoy yourself.

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Hey Cots,
I actually use an Accountant in Melbourne nad live in Brisbane. He is very knowledgable when it comes to property and is a nice guy. He writes in the API Magazine…Q&A section.
If you want to know more drop me a line.

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie…[Read more]

My thoughts where Sooshie that if they cannot buy property convevtionally then you can give them an opportunity to own real estate through L/O or Wraps ??
Just a thought.

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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

With you on that one Steve. Who is to say that $67000 is not a steal as it is. One point that Stuart O’neill made at the last Property Masters series was that you should try and talk directly to the vendor. Find out there reasons for sale. It may open up some options for creative financing even ??

Enjoy
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Hey Dr Bell,
You do have a lot of questions !!
If you want to chat let me know. I get Writers cramp just thinking about how long it would take to answer the questions.
Can’t promise you anything but maybe a little clarity.

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Hey Tmac,
I know of one lender that specifically does allow Wrap finance with full disclosure. Drop me a line. Hopefully Steve will be able to give us more joy this year with a deal he is trying to work…..He is a busy boy…..

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Hey Elvis,
I know a good solicitor in Brisbane if it helps. Worth the drive and reasonably priced (that’s what I like)…

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach

Is this a question or a sales pitch ???????

Enjoy
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Success is not the result of sponataneous combustion. You must set yourself on fire.
Reggie Leach