I feel reasonably qualified to answer this one!!

We’ve bought lots of “stuff” in the last 12-18 months.

Been a mix of things in the US, NZ as well as things that are local.

Ranging from buy and hold houses, minor renovations, some developments and blocks of flats.

Hope this helps.

– David Bradley
Bradley McKnight Group

I’ve had this situation before, and quite a bit recently.

My (somewhat cyncical) take is that the agents are trying to create a bit of a frenzy.

There may or may not be other bidders.

In my experience, I have refused to play their game and instead will wait until the offers don’t materialise. I figure it puts me in a better negotiating…[Read more]

Personal cheques are fine.

Good luck

– David Bradley
Bradley McKnight Group

In my former life as an accountant I came across the situation whereby a person’s super fund owned (well put up the deposit) for their home.

We went through the usual arguments and pain of stamp duty and capital gains tax.

The numbers at the time indicated tax wasn’t the main problemm but stamp duty.

I can’t remember all the ins and…[Read more]

My initial thoughts are that will the council allow him to run a business from home.

Some councils have regulations that say you can run a business from home provided you meet certain criteria.

One of these criteria is the number of people you employ cannot be greater than a certain number – 1 rings a bell.

Therefore, your risk is…[Read more]

Silly question, what’s an eel?

At the moment I have visions of the plumber stopping off at the pet store on the way.

Dave

In relation to your numbers… If only!!!!

1. We don’t receive all the proceeds, a small of issue of GST
2. I wish it was as simple as just doing 1 days work. Unfortunately, we have been working on this for 3 weeks.

Yes we make money from the event, but it is not quite as easy as you make out.

Good luck to the people coming tomorrow. Hope…[Read more]

Batsman 1 hits the ball and they run a 3. The throw at the stumps goes for 4 overthrows = 7. But there has been “one short”.

Next ball, batsman 2 on strike – hits a six.

Dave

Dave

There is a commercial property not far from where I live that has been vacant for over 3 years. I know that coz I used to walk past it with my eldest child ( who is now 3 1/2) in the pram.

So there is now an agents board out front. I make a time to go through the property.

It is a $400k property…[Read more]

My mentor was thrilled.

Didn’t buy another until the 1st one with Steve (May 99)

My mentor has just celebrated 40 years in the property business.

Dave

The kids are XLNT.

Although hard work on my back trying to pick them all up at once.

Dave

I read the posts but find that typing is not my strong point!!

(Edited 3 tmes)

Dave

I’m in the office – give me a call if you like

Dave

Block of flats last week (as B & H)

+ agreed to buy another 3 wraps with another 2 in the pipeline (verbally agreed but yet to see details)

Dave

And I’ll see you on Saturday – how are you going?

Victoria – Suburb of Melbourne (Mont Albert)

I see England won – that is the real reason I got up.

Dave

No, the only thing I have bid on in the last 24 hours was a house!

Dave

Morning to you both

Couldn’t sleep, lots to do

Might as well come and do some work

Dave

Dave

This by itself is not against the law. I think there is a difference between fraud and not telling the family what is going on.

If he has told some fibs to get loans he will obviously be in for a bit of explaining.

My…[Read more]

It can be done!!

Dave

I thought life was good before but with each child it just gets better.

Absolutely priceless watching my 2 girls give him kisses.

Dave

Hope your holiday is going great.

Safe trip back!

Dave

I also enjoyed the chat.

I will be testing you today on where you are at.

My mind was also racing as I drove back home about my business and making sure I was also onthe right track.

See you in a few hours.

Night

Dave

So you are just as well to contact them direct.

CJA Lee & Associates in Traralgon

Dave

How are you going?

The reason for paying money off your underlying mortgage is mainly due to the Sale of Land Act (In Victoria). I would imagine other states would have something similar.

Basically, the clauses in question were brought in to ensure that if a property is sold under terms when they make their last payment to you you have…[Read more]

I’m typing this at the Hong Kong airport.

You have been busy this last week!!

See you in the morning

Dave

PS I’m looking forward to catching up with the rest of you on the weekend

Is driving for a deal a hassle or a godsend?

When I first started, 1-2 hours in the car was not a problem.

I listened to educational tapes, made phone calls, thought about my long term strategy and even role-played interviews with prospective purchasers and real esate agents.

After a while and I had listened to all my tapes 3 or 4…[Read more]

I remember seeing a story on a current affais show about them.

From what I remember, the reason people were peeved with them was that
(1) they didn’t allow the person to see the house before purchasing it (sign the contract to buy and then I’ll tell you were it is) and (2) the guy was making a profit.

Now I’m a pretty simple guy…[Read more]

We invest 100% of the payments to us off our loan. On my calculations, ALL our loans will be repaid within 5-6 years due to the power of compound interest as Tim correctly points out.

We could take our cash flow today and use it for other investments, but we are happy to pay down our debt whilst we don’t need the cashflow.

It’s…[Read more]

On first instance you go an extra 1.5% just because it is a wrap.

However, if they give you confirmation they accept the concept then you are ahead of what a lot of people get to. Lots of banks / brokers are not even able to find someone who can do wrap finance.

With regards to the extra rate, is the cost of finance the issue or the…[Read more]

The issue you bring up is not only an issue for wraps, it is with every business and every individual whether they have investments or not.

When someone dies, their affairs need to be “cleaned up”.

Personally, I keep my wife (and other close people) in the picture so she knows enough to be able to keep things moving after I’m gone. I also…[Read more]