Hi! I have a template for doing the comparable sales data (as JP has done), saves reinventing the wheel. This one’s 14 pages though (in PDF format), so if anyone wants it, mail me at [email protected], I’ll send it out to you.
It’s interesting that you’ve got calls. We’ve advetised in the Mail Times (4 or 5 issues now), and so far the calls we’ve received are from Warracknabeal etc where houses go for $20k everyday. Those people are usually pensioners- not our target market, as we’d like them to cash us out sooner, rather than pay off the house in 25 years.…[Read more]
In my opinion, is pointless to place an ad in the classifieds, because if they can’t afford to buy a house they won’t be looking there in the first place. We placed a HUGE 2 column ad in the classifieds, and response wasn’t anywhere near what we expected. This paper is similar to the one you’ve advertised in I believe- 3 or 4 for…[Read more]
Hi Craig- no they bought for $9k sold for $35k, not $25k. It doesn’t matter if it’s legal or morally right- all that matters is how the public looks at the whole issue. This guy who called me sounded pretty upset. Maybe it would have been fine if he did not find out the price that they bought at.
I don’t know whether the market where he bought in…[Read more]
Hey great start Andrew! 2 out of the 3 calls are potential prospects? Our ads have generated 5-6 calls maybe, but none of them qualified. Most are pensioners, or do not have a sufficient deposit. On another note, I’d like to share a story with you all.
I’ve visited every agent in the town where we intend to wrap in, & some of them (the younger…[Read more]
I’ve got both the printed & the audio versions. The audio consists of 20 tapes, but I’ve yet to listen to it. I believe it’s a live recording of his bootcamp in the US. Based on his other audio products, I must say I’m incredibly disappointed by the quality of the recording. At times, you’d be struggling to hear what he’s saying, even…[Read more]
Thanx for the support guys! I guess the REAL question I had was whether it was worth it going out to setup a structure now, as our funds are quite limited. Just had another talk to yet another broker an hour ago- he was basically sitting on the fence on this issue; he has done some “creative” stuff, but is also mindful not to get into too much…[Read more]
Didn’t manage to get your contact details at the seminar. Mind posting them here? Would be great to meet up with you for a longer chat when the opportunity does present itself. By the way when’s the big day?
OK I know I’ve over-reacted. But I guess posting the name was more of a warning to people who are operating in the region, nothing more. Yes I agree it’s not a win-win outcome in this case, due to the fact that he had his own agenda. Maybe I was naive enough to think that achieving the full asking price would have been his top priority, since it…[Read more]
I’ve heard the same thing before- the theory is that if you make repairs in the 1st year they will be treated as a capital cost, & hence you can only depreciate the cost versus claiming it outright as an expense. I guess the theory is that you’ve purchased it “broken”, and that’s reflected in the purchase price. I can be very wrong on this issue…[Read more]
I guess the most important bit I learnt from the seminar was the 10 minutes I spent harassing Steve in person. I was looking only at wrapping, & discounting everything else. Matthew’s made a good point here- if you can’t make it cash flow using one method, try another!
Great event Steve, plenty of interesting/knowledgeable people that I was able to talk to! It was also good to be able to finally put some faces to the names- Fergus & Matthew, amongst others. It was great meeting you people!
I’m also a newbie, & all I can say is that once you get off your butt & actually start doing something you will learn heaps! I started from knowing NOTHING about wraps just under 2 months ago, and now I’ve already advertised, researched, etc etc. Just waiting for the phone to ring!
Yeah I’ve found that the hardest thing to do is to take…[Read more]
Thank you all for replying to this post. This is one of those from which I’ve learnt heaps, and triggered a lot of thinking. I’ve just thought of something that I’d like to share with you all. Instead of getting the buyer to find THE property they wanna live in, ask them to go look for 3-5 that they would like to own equally as much. That way you…[Read more]