[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

December 5, 2013 - 7:44 pm

HI Terry and Richard,

A debt agreement administrator is someone who administers part IX debt agreements on your behalf to creditors and is one step away from bankruptcy.  Due to unemployment and chronic ill health it seems this maybe our only option.  We thought about debt consolidation but not sure.  I just need some sound financial advice with our situation.  We want to clear our unsecured debts through a debt agreement and start building our wealth portfoilio.

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

September 5, 2010 - 9:44 am

Matt007 wrote:

yeah I don't know that I'd be giving away considerable splits of the profits if I'm taking on all the risk of the DA/legals/marketing etc. I'd pay the finders fee and a success fee if the option was negotiated for the terms I set out, on settlement or onsale of the option, but I don't know if I or anyone I deal with would enter into much more than that.

Exactly!

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

September 3, 2010 - 12:34 pm

Terryw wrote:

Who is he and what is the focus of the seminar?

I beg to differ…however, even if it is the hardest part of the development process…its not deserving of a jv or 50/50 split especially when there is no equal share in option fee and ongoing costs in the deal!!

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

September 3, 2010 - 11:54 am

freerenterprise wrote:

Correct Matt007. Engaging me as your Buyers Agent would involve a JV or 50/50 profit share agreement on successful 'acquisition' or signing of an option or on settlement/onsale of the option.
I worked exclusively for vendors for over 10 years, now working for buyers most of my time and creating WIN/WIN/WIN scenarios is very satisfying. Many traditional agents are resentful or at least suspicious, but understanding financing options is key.

how can you ask for a JV or 50/50 split when all you've done is acquired the property??….do you contribute any hurt money in the deal??

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

September 3, 2010 - 10:50 am

Massland have gone down that path of acting as Buyers Agents as well…like most Project Marketers!…but this is the thing…they send a beacon out to their students to look for suitable sites for development on their behalf!…referral fee??..not sure!.

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September 3, 2010 - 12:16 am

Terryw wrote:

Why type in capital letters?

Hi Terry,
Yeh, I know…sorry.  It must annoying to read!

I hope people don't think I'm making bold statements either with the caps..its just lazy typing..in avoiding the shift key with the pinky finger.  In the middle of publication writing with other commitments..and so writing in caps on here is a nice break from it all!

Will write normal now!

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

September 2, 2010 - 11:43 pm

APOLOGIES TO ANYONE I MAY HAVE OFFENDED!!…AS PER MODERATOR COMMENT!!

PEOPLE NEED TO BE AWARE THAT MASSLAND MAKE ALOT THROUGH SHORT OPTION DEALS OF POSITIONING THEMSELVES IN THE MARKET!…AND ONSELLING THE OPTION (WITH NO DA) TO THE BUILDER-DEVELOPER, WHO WOULD THEN OBTAIN THE DA OUT OF THEIR OWN POCKETS…SO THE FIGURES YOU SEE IN THE ABOVE LINK…MOST WOULD BE GROSS REVENUE THAT THE BUILDER-DEVELOPER WOULD OF MADE…AND NOT MASSLAND!! THERE ARE SEVERAL OTHER STRATEGIES YOU CAN ADOPT WITH OPTIONS..ITS ALL ABOUT BEING CREATIVE!!

MASSLAND OPERATE THE SAME WAY MOST PROJECT MARKETING FIRM DO…THEY ARE NOT DEVELOPERS…JUST PROJECT MARKETERS!!!….THERE IS A DIFFERENCE!!

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

September 2, 2010 - 10:51 am

DWolfe wrote:

Thanks Phatcat!

I am a bit too tall to be a jockey. 25% is a minimum. If there is more in the deal and YOU are an equal partner in work, time commitment etc then YOU should be looking for 50% of the profit as you are doing equal work. If you are doing no work then 23% is a great return. I honestly couldn't care less about Massland or any other group promising returns and what have you. I'll go my own way and make my own money.

Phatcat, from one post telling me I am negative I would offer you nothing. Personally I don't make snap judgments about anything or anyone. And you really must have only read about 3 of my posts.

D

AGREE!!!….50/50 IS WHAT YOU SHOULD LOOK FOR IN JV!!….50/50 HURT MONEY, TIME AND EFFORT = 50/50 PROFIT!!

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September 2, 2010 - 3:58 am

Matt007 wrote:

IWhat I know, is how many people have contacted me offline from here and somehow directly from their courses, with experiences about Conclave, the seminars etc and could I help them get their money back.. I've declined each time for the record. What I know is the responses I got when I went and spoke to the people who were 'friends' and 'associates' and so on. What I know is I don't like being abused and threatened as I was if I ever rang them again asking about said spruiker.

WHAT YOU KNOW ALL STEMS FROM SECOND HAND INFORMATION OF OTHER PEOPLES PROBLEMS AND EXPERIENCES WITH MARK AND MASSLAND!…WHICH DOESN'T REALLY COUNT…IF YOU KNOW ENOUGH…THEN GO OFF YOUR OWN BACK AND NOT OTHERS!!….AND I DON'T UNDERSTAND WHY THEY COME TO YOU FOR HELP TO GET A REFUND!!….WHY DON'T THEY JUST GO TO A CURRENT AFFAIR OR TODAY TONIGHT..IF ITS THAT BAD!!…MAKE THE DAMN THING PUBLIC!!!

WHY DON'T THOSE OF YOU WHO HAVE HAD PROBLEMS WITH MARK AND MASSLAND..CONTACT EACH OTHER OFF THIS FORUM…AND TAKE IT TO A CURRENT AFFAIR OR TODAY TONIGHT!!

AT LEAST THE ENDLESS SAGA ON THIS FORUM WILL BE ADDRESSED!!…AND PEOPLE WILL STOP TALKING IN CIRCLES ON THIS FORUM!!

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September 1, 2010 - 2:54 am

Sash wrote:

Also the RP Data monthly access to their multi-license used to be $60 p/m and now is $179. This seems absolutely ridiculous. How can the price triple? I emailed them and they said that RP data increased their prices.

Jumping from $15 p.w to $45.

Does anybody know how much RP data additional licenses like this cost?

How much would Massland be pocketing?

Thanks.

ITS ACTUALLY IS A DEAL!!….RPDATA HAVE A QLD PACKAGE INCLUDING BRISBANE NORTH/SOUTH ZONE…ALL FOR $360 p/m.  THATS JUST A DIVISION PACKAGE WITHIN QLD.

I CURRENTLY HAVE RPDATA SUBSCRITION THROUGH MASSLAND FOR ALL STATES THROUGHOUT AUSTRALIA..FOR $159.

AND THAT ALSO INCLUDES API MAG SUBSCRIPTION, UBD ELECTRONIC DIRECTORY, WEALTH SUBSCRIPTION ETC ETC!

SO YOU DO THE MATH!!!

ITS ABOUT MINDSETS PEOPLE…REGARDLESS IF YOU HAVE HAD BAD OR GOOD EXPERIENCES WITH MARK….ITS ALL ABOUT MINDSETS…AND TAKING CONTROL OF THINGS YOUR SELF!!!!!!

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

June 5, 2010 - 11:03 pm

maybe you could offer them vendor finance.  There are some people on this forum that can help you do that.

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

June 5, 2010 - 12:01 pm

you need to check council codes for minimum size lots for a subdiv.  Most differ..  Don't get caught out like most.

My advise, would be to to talk directly with the council town planner on duty. Most are helpful.

[jhk2770Member@jhk2770Join Date: 2008Post Count: 57]

March 16, 2010 - 9:21 pm

who said it took 2.5months or even 3??  …as I said….you don't know the situation!…..so just stop assuming!

my broker…did the best she could in whatever time we had available to seal the deal!

thanks for your interest in my situation in anycase!…..much appreciated! have a good one!

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March 16, 2010 - 1:33 pm

blah blah blah!!  As I said….you are full of assumptions!   now what makes you think we didn't do what you mentioned!!…pfftttt!.

If my broker didn't think the deal was gonna come through…then she wouldn't of bothered lodging it.  Unfortunate for me….CBA had ramped up their credit criteria!…and despite my explanations on credit history…they still dinged me!

The fact that you target clients with deals over 1mil….may explain why you seal deals in 48hrs!…ha…as well as your commission!!  No doubt you know what you're doing!!……

……….but don't go assuming the prolonged time it took CBA to answer was because of my broker!!….it was more because of them and their systems!!!

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March 16, 2010 - 12:01 pm

Banker!…hahahaha…48hrs….yeh…for someone with a clean credit history and who has good income!

I just think thats a big assumption to make!  I've been told by others that CBA can take upto 2weeks or so as well!  I think its more the position you probably have with CBA, and the type of clients you lodge applications for…maybe you go for the easy ones!!  Ours was a really tough application to lodge….cos we weren't your perfect customer…with a clean credit history and good income!!  I would of liked to see what you could of done with our application…you may of taken longer…then again….shorter!  In anycase, I just think thats a big assumption to make considering you dont know the details and facts of the situation!!

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March 16, 2010 - 5:08 am

Okay!….

……so CBA turned us down….due to credit enquiries….even after my broker argued our case with 5 reviews!!..with the State and National Credit Manager!…but no luck!  It took them 3 weeks to come up with that decision!…grhhh!

Our broker then lodged our app with Bankwest!….they got back to us in 14days with GOOD NEWS as of today!!!…..Bankwest approved our home loan!!

Celebrations is on!!

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March 9, 2010 - 5:30 am

ok.  I understand how it works.  Maybe not worth pursuing!

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March 8, 2010 - 4:59 am

He is owing $255K  on the property.

He has tried approaching conventional lenders, but he has a default on credit history from 2006 (under $300) and he needs funds immediately.  It is for investment purposes.

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March 6, 2010 - 8:11 pm

RIchard can you explain how LVR works with a caveat?

So how much would they be able to borrow if the value of their property is $320K?

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March 6, 2010 - 6:42 am

Hi Richard,

An agent appraisal valued his home for $320K. 

I'm not sure how these things go….I'm just guessing…..would LVR be 90% for $32K caveat?

Yes….the security is residential in NSW.