PropertyInvesting.com | davidcball | Activity https://www.propertyinvesting.com/members/davidcball/activity/ Activity feed for davidcball. Fri, 17 Apr 2026 09:21:21 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4c4603e97688f307e31f475149cf5828 davidcball replied to the topic Banks lending approach to flips in the forum Help Needed! https://www.propertyinvesting.com/topic/4393638-banks-lending-approach-to-flips/#post-4589751 Fri, 04 Jul 2008 01:49:28 +0000 Scamp wrote:
A flip… in this market. Please don't resort to crime after you go bankrupt.

Scamp my theory is that you are actually a very unsuccessful property investor who is envious of other peoples ambition, posing as a knowledgeable investor  If i am mistaken and you are actually trying to give genuine advice why don't you use a little m…[Read more]

]]> 1ffe2636a13badd042d5649971baf6f3 davidcball replied to the topic Invisible Deed of Option Contract in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393326-invisible-deed-of-option-contract/#post-4588090 Tue, 24 Jun 2008 11:14:28 +0000  Hi Tylee,What is your email address?Kind Regards,David Balldavid.c.ball@gmail.com

]]> a103c924ae817bd3fec8680d3b64f63e davidcball replied to the topic on-selling a residential contract in south australia in the forum Help Needed! https://www.propertyinvesting.com/topic/4393576-on-selling-a-residential-contract-in-south-australia/#post-4589469 Tue, 24 Jun 2008 06:46:02 +0000 Hi Tylee,Whoever exercises the call option is liable for stamp duty. You can assign the option to the end purchaser, they exercise the option and pay the stamp duty, with the 20k spread in your example being an assignment fee. This fee is ordinary income as per the ATO and not statutory income (i.e. Capital Gains).Regards,David

]]> 35e5af11b032ae609806030af95fc102 davidcball replied to the topic Anyone investing under 20. in the forum Help Needed! https://www.propertyinvesting.com/topic/4393341-anyone-investing-under-20/#post-4588150 Fri, 30 May 2008 08:14:28 +0000 Hey Will,I'm 20 as well and have been doing my own research for the past 8 months or so. I just wanted to raise the point that there are some absolutely fantastic real estate investment strategies out there some of which you don't need a huge deposit sitting in the bank. Don't think that the only way to invest in property is buying a house,…[Read more]

]]> 3ca7bc091f42ba54022907e502f80f5a davidcball replied to the topic Motivated Seller - No Deposit Required - Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4393312-motivated-seller-no-deposit-required-sydney/#post-4588023 Sun, 25 May 2008 10:32:32 +0000 Thanks Daniel you've been really, really helpful! Shame you don't receive commissions from the website, the buyer beware package looks like a must have.Thanks again

]]> dc16f8b1caad92f8e71412d8161375a9 davidcball replied to the topic Motivated Seller - No Deposit Required - Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4393312-motivated-seller-no-deposit-required-sydney/#post-4588021 Sun, 25 May 2008 10:04:42 +0000 Jaffasoft wrote:
OK, well what's your worst case senario risk here? How much time and money do you stand to loose here if you can not sell the property.And good point about the 'get out clause' absolutely make sure you have a water proof one if you we're to go ahead with it!

Ok worst case scenario is that i couldn't place it with a…[Read more]

]]> d9c31c51b9dcf76cd843fc7849a4163a davidcball replied to the topic Motivated Seller - No Deposit Required - Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4393312-motivated-seller-no-deposit-required-sydney/#post-4588019 Sun, 25 May 2008 09:20:38 +0000 bardon wrote:
Its only an opportunity if you were getting it below market value and that is not on offer at the moment.

Hi Bardon,What would you do in this situation? I realise that it's naive to think that the vendors would definately accept any below market offers that i made… Chances are they won't. What i'm trying to ascertain is whether…[Read more]

]]> bcb5e16d974415b036d57c0722681546 davidcball replied to the topic Motivated Seller - No Deposit Required - Sydney in the forum Help Needed! https://www.propertyinvesting.com/topic/4393312-motivated-seller-no-deposit-required-sydney/#post-4588017 Sun, 25 May 2008 09:11:20 +0000 Hi Daniel,Thanks for your comments. I agree that the situation would be prime if we were talking about a $300,000 house in Suburban Sydney where the chances of a quick on-sell are much higher. I literally would not have to money to be stuck in the same boat as the vendor. If i couldn't find a purchaser to assign to within settlement period i would…[Read more]

]]> 775f9fc2a7a0809d05cd3379fe5049df davidcball replied to the topic investor advertising in the forum charlie123 wrote: Hi https://www.propertyinvesting.com/topic/4393260-investor-advertising/#post-4587651 Sun, 25 May 2008 08:01:00 +0000 charlie123 wrote:
Hi David,Thank you very much for your reply!! Would it be possible  to set up a number of unit trusts  for different projects  with each containing  20  investors and still be able  to apply  the S708 section of the corporations act? Best regards,Charlie

Hey Charlie,If you nominate a company (or more likely a series of differe…[Read more]

]]> c424a2e402e9e910023fb98bf8006b8d davidcball replied to the topic foreclosure deals? in the forum Help Needed! https://www.propertyinvesting.com/topic/4393296-foreclosure-deals/#post-4587963 Fri, 23 May 2008 09:41:40 +0000 Scamp wrote:
– Risk buying a double-mortgager : You will auction off the first mortgage, then you find out that in order to GET the property you need to pay off a SECOND mortgage. This can be especially painful. As a last tip : Remember that people who are being foreclosed are by definition people without money. They have thus not done ANY…[Read more]

]]> a404c75c4104667153e9fa8013146490 davidcball replied to the topic investor advertising in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393260-investor-advertising/#post-4587648 Wed, 21 May 2008 05:50:16 +0000 Hi Charlie,If you have a look in the back of the Sydney Morning Herald every saturday under the 'Money wanted' section there is a whole list of people who place small ads advertising for investors similarly to what you described above.Are you personally trying to raise funds under your own name or for a company that you control? If your fund…[Read more]

]]> 38515d424f89a3c124129d4e315d0a77 davidcball replied to the topic Northern crest investments based in Sydney originated from New Zealand.. in the forum General Property https://www.propertyinvesting.com/topic/4393151-northern-crest-investments-based-in-sydney-originated-from-new-zealand/#post-4586604 Wed, 14 May 2008 01:32:16 +0000 Northern Crest is the new name for Blue Chip Financial… I can't see into the future and im not a cynic by any means… All i know is that i bought BCF at $0.34 and after a huge trade debtor went bad and an extensive trading halt my shares are now worth $0.09 for an impressive 75% loss. Hopefully the only place 'they are going..downunder" is…

]]> 609c631e5a4c9f0977c8c1174b9a42e5 davidcball replied to the topic Foreclosures and Option Holders in the forum Legal & Accounting https://www.propertyinvesting.com/topic/4393181-foreclosures-and-option-holders/#post-4587344 Tue, 13 May 2008 13:26:57 +0000 Sorry Scott i don't quite understand. Wouldn't the vendor going into foreclosure mean that even if i did exercise my option they don't really have the capacity to give it to me – because the bank is now in control over what happens? On a side note, when they agree to give me the option, does that get put on the title? Does it have to be recorded i…[Read more]

]]> 7e4f1dcdd4a4ed12af45b2eacbfa41e4 davidcball replied to the topic Second hand Wrap Kit & Lockboxes in the forum Creative Investing https://www.propertyinvesting.com/topic/4393134-second-hand-wrap-kit-lockboxes/#post-4586528 Sun, 11 May 2008 22:50:07 +0000 Hi Paul,For the new people (like me) what is a lockbox? Regards,David

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