[jared EllisonMember@jared-ellisonJoin Date: 2010Post Count: 3]

May 12, 2010 - 5:44 am

hi im actually looking for someone to do a joint venture with atm, ive found a property which on the outside looks beutifull but inside its a dump that i could easily turn around with a bit of effort, (im a painter by trade so i plan to do most of the work myself) i plan to fix it up and on sell, but i would rather borrow money from a private investor because we can both get a better deal out of it. depending on what they wanted to do we could arrange a contract where  they recieve a return of the profits or a set return after 12 – 24 months or so

Ideally i would like to borrow around $200,000 in cash on the condition that after 12 – 24 months they get their $200,000 back plus interest at at an agreed rate, say 7 – 8% this would just make it so much easier to complete the project and not get tied up with banks.
Alternatively if they agree to fund the project and i do all the work we can split the profits at an agreed ratio once completed

if they were interested they can contact me on 0427 705 605 or [email protected]

cheers, Jared Ellison

[jared EllisonMember@jared-ellisonJoin Date: 2010Post Count: 3]

May 5, 2010 - 12:10 am

Just try and read as many different books as you can about property investing because most of them are pretty good sources of info and they are all different in the ways they did things, you can decide what suits you best but it helps if you get a good overall picture of what possibilities there are. and yeah thats awesome money for 20 years old =p

[jared EllisonMember@jared-ellisonJoin Date: 2010Post Count: 3]

May 1, 2010 - 6:32 am

hey  hows it going im new to this site to and i just noticed your in a sort of similar situation to me, Im a 1st year apprentice painter in VIC ive just turned 20 ive already bought my first property to live in, its a smallish 2 bedroom unit in wodonga but im pretty keen on starting up a portfolio of investment property  as soon as i can. i think i know how u feel its pretty frustrating when you know what you want to do but just arent earning enough cash to make it happen, im going to be focusing my attention on doin as chiz said and finding opportunities to sell opportunities to others until i can get ahead a bit.

sort of in the same boat with the having to study at the moment though but yeah thought id say hi and happy to chat if you feel like it mate.

cheers