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  • Profile photo of DanielDaniel
    Member
    @daniel
    Join Date: 2002
    Post Count: 4
    September 7, 2002 - 12:49 pm

    Hi Sooshie!

    Nice nick, by the way ;)

    I have an idea for you, along the lines of what you suggested, if you want to to hear it. E-mail me at [email protected]

    Oh, and so far 2 smart people have e-mailed. :) Can’t wait to be back home and out hunting for deals. Just think how lucky Australia is… so much real estate, and so few creative investors. In the US you have a one in 3 chance of being hit by a car with a sign on the side saying “we buy houses. fast decisions, any condition”. Hehehehe….

    And remember: email me! :)

    Daniel

    Profile photo of DanielDaniel
    Member
    @daniel
    Join Date: 2002
    Post Count: 4
    September 6, 2002 - 5:27 pm

    Did I forget to mention it is free? No money to change hands, just a group to benefit its members.

    Oh, and I made a website for it if anyone feels like taking a closer look:

    http://channels.dal.net/investmentbrisbane

    Daniel

    Profile photo of DanielDaniel
    Member
    @daniel
    Join Date: 2002
    Post Count: 4
    September 4, 2002 - 2:53 pm

    Thanks Rod and Sooshie!

    I called Baycorp again, got put on hold for 15 minutes (“hey, no problem, I’ll wait, I am on calling Sydney from GERMANY.”)

    Anyway, the woman on the phone looked up what the reason for the delay was, and told me it had been sent the day before.

    Hopefully it actually arrives here…. Hehehe
    —

    Aside from that, does anyone know a good basic strategy for improving the file? I could take on small amounts of credit, repay, and do it again and again I guess… But I think it needs to be from companies who subscribe to baycorp, am I right? Otherwise they can’t make entries in my file…

    Do we also have a credit score like FICO? If so, what is it called here and how is it calculated?

    Thanks again!

    Daniel

    Profile photo of DanielDaniel
    Member
    @daniel
    Join Date: 2002
    Post Count: 4
    September 2, 2002 - 3:25 am

    Wow, Steve…

    Thanks so much for the comprehensive reply! I am sorry I got a little carried away with asking questions… As with most things I need to research, it is sometimes difficult to do it from here. Internet can only do so much. For example, have been hunting around for info on RTA and foreclosures, and have found the websites a little helpful, but I guess I need to drop in to their offices and take one of every broschure.

    As for the banks selling mortgages to investors, is internationally common. Make sense for a bank to lend $100,000, create a note for $300,000 with a 25 year term, and sell the note to an investor for a total of $200,000. Easy way to get the investment back, and profit. I guess the australian banks could be a little too conservative for this, or perhaps their are special laws on mortgage lending there. Will check :)

    As for the question as to if I am serious about investing, if you know of an apartment building, beachfront on the gold coast, up to $30 million AUD, let me know. I am bird-dogging for someone. Instead of a fee, I get a share in the place. :))) And I will check my schedule for the seminar. :) Serious enough? *evil grin*

    Thanks again :)

    Daniel

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