Total Members: 151,416

asdf

  • You gotto love a bear don't you? Lets get this crash over and done with so the bulls can rule again!! :)I would love for some of the houses I'm looking at as a PPOR to drop by 50%. What a bargain that would be! Unfortunately these are the homes in well located areas which the retired baby boomers are in and who flatly refuse to move because they ha…[Read more]

  • Ed doesn't promote or recommend any funds. His business probably doesn't have an AFSL hence he is too smart for that. As we know Ed talks a lot, thats what he does and in his seminars/CDs he mentions a guy called  Andres from Landau Securities located in Vanuatu. He makes very clear that every person he mentions is a crook and that you have to do…[Read more]

  • Anyone else still in Ed's groups or rceceive his CDs? Apparently in the last 12months, hes moved back into real estate and not so much the marketing stuff anymore.

  • Thanks for the response guys. A shame I missed the web cast but still I'm no clearer as to some specifics of the deal. I understand in principle how wraps, buy and holds, unit developments, flips, OTP…etc.. all work. Just wanted to hear some real life stories thats all.

  • Just curious what kind of deals the RESULTS guys have done recently? Theres no need to provide specific locations or numbers but if its development sites – did you get it cos of the contact through the group? What analysis did you do to spec the deal out as I come across many site opportunities but rewards at the back end is just not worth the…[Read more]

  • asdf replied to the topic flemmington in the forum Help Needed! 13 years, 10 months ago

    Close to city yes but cheap no. My mate bought the 2×1 terrace he was living in with his partner off the landlord. Its a small single fronted narrow place with small courtyard, no garage much similar to the stuff in Paddington and Balmain which us Sydsiders are used to. Paid $420 or $440k I think but was only paying $290 p/wk in rent. Was a walk…[Read more]

  • I find the show very interesting also. Used to watch it religiously every night at 11pm. I think it is now on perdiodically. There is another called Property Developer. I often laugh at the end of a show and think how glad I am to not be involved with what she calls “property development”. All they are doing are reno jobs. Some even quit their day…[Read more]

  • Agents like to keep it simple so these strategies work in theory but takes a bit more effort to execute. One way to secure it is to pay over the offer price but in a flat to down market, you want to be sure that the “doubling in value every 7-10 year IP theory” holds true for your offered IP. I’m afraid a lot of cra* on offer would struggle to get…[Read more]

  • Mate, $1.2M for a piece of dirt. Whats the address? Did you bid for the one which got passed in at $950k vendors bid only? Only 400m2 or something ridiculous like that. How big is your block? Are you a builder? cos I have heard of beachside and water view premiums for duplexes. A guy I know got a DA approval for his tiny 450m2 block in Woollahra.…[Read more]

  • Originally posted by Qlds007:

    In saying this both the main MI’s will go well over a Million each so that gives you 2 Million of borrowing on the basis that you have sufficient income to service.

    Cheers

    Richard Taylor
    Residential & Commercial Finance Broker.
    Licensed Financial Planner. Ph: 07 3720…[Read more]

  • asdf replied to the topic Smiths Lake in the forum No Subject 13 years, 11 months ago

    I’m sure you have checked out Pacific Palms already. Blueys and Boomerang certainly coming to its own in the last 5 years. A lot of Syd money in the developments in that area. Terrigal and Avoca seems to have taken the back seat this decade. Perhaps market has already moved in that area? There are a lot of holiday homes up there. Only the prime…[Read more]

  • Heres how I think, your wealth is determined by the amount of debt you hold and not the total net assets. If your IPs are quality investments in the first place, the ability to control these assets will ultimately make you rich. The market in NSW is really depressed. Not a good time to sell at all. Are you sure you can get high $400s for your…[Read more]

  • asdf replied to the topic int rate 17% in 1990 in the forum No Subject 14 years ago

    If rates were at 17%, I’d say the 30 day bank bills would’ve been around then. It would’ve taken the recession we had to have to reduce the rates dramatically. The yield curve would’ve had to be inverted. ie long term rates a lot lower than the short term rates. A couple of years later, cash rate dropped to 12% or so then more normal levels of 8%.…[Read more]

  • Not sure where the cap gains are going to come from at this point of the cycle especially with another 25bps firmly on the cards. Unless I get an absolute screaming bargain, I’m hanging put and waiting to ride the next wave whenever that is. Can’t bear holding negative geared property for just the tax benefits.

  • Thanks ger1. Find anything of interest from the websites that you can use here in Oz? I heard about re notes when I was holidaying in the US. Didn’t think we could do that here?

  • Originally posted by wealth4life.com:

    The only major change i see in the near future is the Baby Boomers entering retirement from 2010 and what effect this will have.

    We effectively have 3-4 more years to make a killing. Debt is still cheap, baby boomers are still spending, asset prices will continue to go up. But I’m with Harry Dent in his…[Read more]

  • Hard to say. I replaced one up in Cairns for about $9k incl removal. Needed it plus I got $7.5k rebate off vendor price anyways cos the place was left in a bit of a mess after I signed contract. Looks nicer but definitely does buckleys to the rent, only re-sale in that area. If you’re not going to sell, just update kitchen and bathroom, pain job…[Read more]

  • asdf replied to the topic I NEED AN EQUITY PARTNER BADLY! in the forum Finance 14 years ago

    Show me what deal you got that will be better than the 20% mez returns I can throw my $ at.

  • I thought the “experts” were saying the market will bounce in 2006?? So now its 2008. Gee, they must be right then. Maybe we’ll give em another shot at it in a couple of years… :)

  • Would banks do any favours for us poor struggling consumers?? Sorry dumb question. They have some of the smartest capitalist brains in the country & if they don’t they will pay for a consultant.

    I don’t think this product will be a traditional loan in the ordinary sense. The funding cost will have to be built into the end pay-off which they can…[Read more]

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