[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

June 8, 2009 - 3:33 am

Client of min won't go into it for less than 14%- mind you it does involve a bit of building.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

March 24, 2009 - 1:46 pm

Pay them 12k to be referred to their mortgage broking business- trailing commissions obviously not enough

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

March 13, 2009 - 3:30 am

Due to the high rate of recidivism with sex offenders I may not necessarily trust one near my family but that misses the point that such convictions do not detract from validity of property/RE advice.
I don't watch NRL (not my cup of tea) but if that Stewart bloke is the one accused of assaulting the 17yo girl I say let the  court deal with him.
I found it a bit sus that the complaintant's dad is giving a press conference within 12hours of the alleged incident.
Maybe its a case of "go him compo". Ive seen a few fabricated complaints over the years so I take what the press says with a grain of salt.

Mind you- I missed the bit aout 60 complaintants

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

March 12, 2009 - 7:32 am

If it is I feel it would have no bearing on the advice he gives. As the Dr has been dealt with and punished he should be allowed to get on with his life some 10 years later.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

October 11, 2008 - 2:54 am

You need to be able to give clear instructions to your solicitor as to what you want. Saying "wrap " doesn't really mean anything. Do you mean sale with lease option allowing rebate for rental paid towards purchase price? Do you mean Rental at an inflated price where the excess is forfeited on default of the buyer, or lost in the mortgagee repo on the seller? Do you mean a tenancy with a put/call option attached.

To be honest my eyes would glaze over if I was a solicitor and a client came in asking for a "wrap"

My answer would be :"chicken or Thai beef?"

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

June 21, 2008 - 3:13 pm

Get a good lawyer who will advise:
1 Make  no further  payments (rates , mortg etc)
2. Collect all documentation-
3. Freeze further advance/redraw (or take excess $ self)
4. Demand it be sold -in writing
5. Obtaintrustee consent (solicitor, accountantor listing RE)
6. Apply to Supreme Court  under Property law act to sell property
7. seek order as to freeze residue of funds pendingCourt order
8. Litigate/negotiate settlement.

If they are leeching off you,the sooner it is bought to a head the better.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

May 7, 2008 - 2:01 am

Is signing a contract where a company has no funds to complete (or no intention to do so) deceptive conduct under the TPA? That would make  the signatory a defendant perhaps?

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

March 6, 2008 - 1:31 am

I would never use the words "pretty harmless" where there is a food chain involved.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

March 3, 2008 - 11:16 pm

Up in QLD we only have lawyers. Some firms like conveyancing works specialize in conveyancing at a budget price. I have spoken to some of their ex clients and I suggest you do the same. I would not use a solicitor referred by an agent but generally speaking I prefer the suburban solicitors with some litigation experience. Try getting specific performance through conveyancing works!
Many suburban lawyers will look over an offer for free if you do the conveyance through them

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

February 25, 2008 - 1:09 am

Update-
The house next door settles this week. Other (nicer) neighbours said that they knew the buyer and price – $530k.

I looked at another one 2 blocks away on the week end- basic reno job, pol floors but otherwise on a par- listed for 585K. I'm not buying as I'm concentrating on my business (and bank won't give me $ yet) , but doesn't seem to be slowing down here in Bris.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

February 24, 2008 - 10:41 pm

Pay the money and get a lawyer- it will save you heaps in the long run.
PS An agreement won't stop her going for a share of it if you bust up- at least that is the case here in QLD.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

February 22, 2008 - 6:07 am

Fijian Indian by chance? There was a lawyer in QLD a few years ago who was struck off and used to practice out of Inala from memory who had a similar name.

Let me see- did it go like this:

Sign up call option with unsuspecting vendor-long settle date
Do due dil to subdivide/develop/sell at mark up
Get plans/ high paying buyer
Sell for profit- no money down

Ask him how to locate these goofy sellers (they are out there)- THATS WHAT WE WANT TO KNOW.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

February 17, 2008 - 11:55 pm

This is a great thread. Couple of Qs before I put my 2c worth in.

Who were the solicitors who drew the contracts up?

Who is the developer involved ( or at least confirm their small/med/large status)

What sort of price range are we talking?

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 31, 2008 - 7:06 am

Thank you for your comments Michael. I suspect that there is more money in 5k /weekend seminar with 100 participants then flipping 3 houses.  just remember one education guru using the forum to raise $ for property investments- avoiding the ASIC prohibitions.

Old and cynical is my propblem.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 30, 2008 - 7:33 am

I agree with most of your comments Trakka except the one about organic food. I think there is probably real scientific proof behind the benfits of eating the same.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 27, 2008 - 2:14 am

Good to hear some of the replies.

Hey Trakka,my 1st property was at North Ipswich – similar time frames -Buy 1994 at $105 sell 2002 at $106K

I don't mull on it, I always review it afterward, see where I went wrong, and what is to be learned. I started this thread so we can share our stuff ups so we don't make other people's mistakes.

I missed the open house sadly as I went in to work for a few hours.

Hey Mez67, think of it this way; if the house is uninhabitable your choice is made for you. Tues morning to the council with your demolition permit application and /redevelopment/subdivision application in hand!

As

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 27, 2008 - 1:58 am

Maybe a new thread on "how can you tell who to trust?" is needed.

Here's a few:

High overheads = high pressure to perform at any cost

If they mention God or the Church- run for a hundred miles

Self promotion can be a worry. If someone is good at what they do the results speak for themselves.

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 27, 2008 - 1:48 am

Subject to inspection of Body Corp records is always a good start….

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 27, 2008 - 1:46 am

Prohibit any agent from acquiring any of the properties from the outset.

Only put a few on the market , or once you've reached your financiers pre sales target- reduce available stock

Keep the best off the market for yourself

Always have the agency agreement open for review.

Why not appoint two agents- don't let them be complacent

[cu@thetopParticipant@cu-thetopJoin Date: 2007Post Count: 36]

January 26, 2008 - 2:49 am

Why not screw the developer? Squeeze him for the max-

"You couldn't afford it Mr Developer – how much are you offering?"

"What's your best price?"

"Send your best offer to my solicitor"

I agree- sit on the property and see what happens.