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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 22, 2003 - 9:48 am

    Terryw,

    Thanks for the input.

    We have put the “idea” out there for family members and work assosciates.

    We have been through some money making ideas before and they are waiting to see if this one comes through to fruition.

    [?]Do we prove ourselves with these three deals?

    quote:

    The proof is in the pudding

    Regards

    Jay Cee

    Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 21, 2003 - 12:06 pm

    To all,

    Although these proprties are only rentable for $150 per week, we have put the idea of Vendor financing/ Wrapping to the people in the area.

    The phone has not stopped ringing.[:D]

    We are in the process of doing due dilligence on all of the returned Rent Applications we have received.

    Our dilemma is that we can only do about three of these deals before we max out.

    We recently went to the Property Masters and understand about duplicating through a trust structure but our capital will be used up really early in our journey

    Any Ideas[?]

    This is our first step onto the investing field so we are excited and sh*@ scared all at the same time.

    Any advice appreciated
    Thanks

    Jay Cee

    Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 21, 2003 - 11:03 am

    Terryw,

    What is Steve Navra’s problem with wraps?

    Ethics or financials?

    Regards

    Jay Cee

    Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 16, 2003 - 5:56 am

    quote:

    Only those who risk going too far, can possibly find out how far one can go.

    Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 16, 2003 - 5:53 am

    Just talked to the agent regarding the two properties.
    They are to be Auctioned. The Government sure have a hold over the situation. 28 day settlement, 10% deposit at the fall of the hammer. Will not compromise[:(]

    The properties are not within the 11 second ie around $110K and woulde only rent for around $150.
    Good Reno properties though.

    Is it a waste of time/money paying for a property inspection before auction if you do not know what they could sell for?

    Move on to the next one[?]

    quote:

    Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 15, 2003 - 10:35 pm

    Thanks Weston,

    We are looking at the NSW area, any information there?
    The Government are getting rid of a couple of houses every 3 months in this area.
    The Real Estate agent which is auctioning these houses warned us that they are still within the housing commission area and therefore may only attract a certain criteria of renters.
    We are thinking of wrapping these properties so I dont think this is a big concern.

    What do you think[?]

    Jay Cee

    Profile photo of JayCeeJayCee
    Member
    @jaycee
    Join Date: 2003
    Post Count: 7
    June 13, 2003 - 5:50 am

    Jason,

    Doesnt look like you are having many responses on this. It does look interesting though. Have you purchased any other residex products? Which ones do you recommend?

    Jay Cee[?]

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