Hi Enuff.

Good to hear that you are having some success in finfing such good deals.
A question though. Why joint venture on a 83K property?

If it is a good deal, I am sure you want it for yourself.
If you are in such a tight position that you can’t even raise 83K for a +ve property, it sounds as if you might need to build up some savings/equity…[Read more]

How do you then handle interest rates if you have a 25-30 year wrap deal?

i.e. if you buy a property and get 5 year fixed interest. You then vendor finance and your buyer wishes to have 25 year fixed.

That puts me in a risk position.

Haow do you mitigate that risk?

Isn’t this how herd mentality works.
Prices are booming and everyone wants in.
What about the fundamentals. What does Cairns have supporting the increasing prices?
i.e. is tourism dramatically increasing? other industries moving there????

Don’t want to sound negative, but why does everyone suddenly think nth QLD is a good place to buy?

I would…[Read more]

MLM is not for everyone.
I tried Omegatrend for about 6 mths, and think it is a reasonable business. But to as the business isn’t about selling great products, it is about chasing members, it didn’t suit me very well.
I couldn’t help feeling that I was just bugging people all the time.
Have also got friend who most people now take distance to…[Read more]