Total Members: 158,544

JustinmG

  • JustinmG replied to the topic Portfolio Package & Cross collateralised in the forum Help Needed! 3 years, 1 month ago

    Hey Chris, that was informative although video one says “demand a non recourse loan” which is not cross collateralised…… and then dot point 2 in video two when stating what to ask your broker says “I don’t want a non recourse loan”.

     

  • JustinmG replied to the topic Portfolio Package & Cross collateralised in the forum Help Needed! 3 years, 1 month ago

    Hey Chris, that was informative although video one says “demand a non recourse loan” which is not cross collateralised…… and then dot points 2 in video two when stating what to ask your broker says “I don’t want a non recourse loan”.

     

  • JustinmG started the topic Biggest hurdles/problems looking back?? in the forum Help Needed! 3 years, 3 months ago

    Hey guys,

    I would love to hear from anyone that has purchased 20+ properties, and what their biggest hurdles were on their journey starting out. I’m hoping to avoid common unforeseen mistakes.

    Justin

  • JustinmG replied to the topic Portfolio Package & Cross collateralised in the forum Help Needed! 3 years, 3 months ago

    Thanks @benny & @terryw

    I appreciate the help

  • JustinmG started the topic Portfolio Package & Cross collateralised in the forum Help Needed! 3 years, 3 months ago

    Hey guys,
    please Feel free to correct me if I’m not making sense.
    While listening to a podcast today I came across a lending product called a “portfolio package” from the private/business division of the bank.

    Would using this portfolio/investors package from the bank be cross collateralising the assets? Which I’ve been told is a big no.

    thanks

    j

  • JustinmG started the topic Deposits for Blocks of Units 20% or 30%?? in the forum General Property 3 years, 3 months ago

    Hey Guys,

     

    Does the strata title vs single title on a block of units effect the deposit required.

    Can you do a block of regional units at 20%.

    .

  • JustinmG started the topic Buyers Agent vs Own network *off market deals* in the forum General Property 3 years, 3 months ago

    Hey Guys,

    I am writing to see if anyone has had recent experience in building their own large networks of real estate agents in the hope of purchasing off market undervalued properties in a short amount of time. Is there a network of agents I can reach out to in the hopes of getting on a list to see deals before they hit the market. Or is paying…[Read more]

  • JustinmG replied to the topic Looking for insights, coaching, opinions and help in the forum Help Needed! 3 years, 3 months ago

    I would be interested Steve.

  • JustinmG replied to the topic Borrowing Capacity in Trusts & Personal Guarantee in the forum Help Needed! 3 years, 3 months ago

    Another solution would be to pay myself less thru the company, then see if the bank would accept an “add back” of the company profit (taxed at a lower marginal rate).

    I should also mention, I am the director of my own Pty Ltd company, so I have the benefit of being able to allocate my funds before they’re fully taxed.
    Thanks again

     

  • JustinmG started the topic Borrowing Capacity in Trusts & Personal Guarantee in the forum Help Needed! 3 years, 3 months ago

    Hello everyone,

    I would appreciate if anyone could please help me with this question or advise me of anyone that could. I apologise in advance if this doesn’t make sense.

    Recently watched an interview with @stevemcknight and it mentioned he was drawing the profits from his accounting company to use as deposits for property, while personally g…[Read more]

  • JustinmG replied to the topic Structures for larger positively geared portfolio in the forum Help Needed! 3 years, 3 months ago

    That’s for the reply guys.
    Thats exactly what I was thinking @benny & @terryw .
    I thought it may be a quicker process for me to gather a couple of properties in my individual names, but will stop me growing anything substantial fairly quickly.

    will you be posting the new information on structures and due diligence on the forum here @stevemcknight[Read more]

  • JustinmG started the topic Structures for larger positively geared portfolio in the forum Help Needed! 3 years, 3 months ago

    Hey guys,

    This is my first post in the forum. I’ve just completed both of @stevemcknight books and was interested in the structures he used to grow large portfolios. I understand he purchases in trusts for assets protection and borrowing capacity.

    Ive recently been in contact with some buys agents in the Sydney area that are know to have over 1…[Read more]

  • JustinmG became a registered member 3 years, 11 months ago

JustinmG

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