“I don’t think LOC loans would be allowable for wraps (installment contracts) as these would allow you to redraw repayments, or capitalise interest etc. Not good for the wrappee. If you mean taking a LOC secured by another property, then there would be no probs.”

this would be easily fixed via contractual agreement between Wrapper and wrappee…[Read more]

you could always put on a couple of homer simpson wheel locks for security. :o)

Hi There,

I would suggest getting at least two or three more independant opinions of advice and look for a specialist entity and taxation specialist rather than an accountant (Accountants generally -although not all – tend to push the managed funds and super funds).

Food for thought anyway! [biggrin]
Cheers
Kiwi

Hi all if you have no or little capital… I think rick otton is running a one day Lease Option workshop this month in Sydney. anyone going to it … take a look if you are interested at
http://www.rickotton.com

I might see you there.
Cheers,
Kiwi[biggrin]

I know that Rick otton is giving a one day lease option workshop this month… I think it is on the 22nd of May…. anybody going? I think it might be on http://www.rickotton.com

Cheers,
Kiwi

Hi all…. at the end of the day it is really the market that determines what they will and will not pay.

If you are asking too much the market will let you know… how? nobody will take the opportunity you are offering.
Cheers,
Kiwi

as all states have different laws and regulations …. it is suggested to work with your team of advisors to get the latest version of the truth. Teh packs are designed to give in depth solutions and show you the whats, hows, whys and wheres!

Cheers
kiwi

You could always get a reval done on the property and see if you can squeeze an extra dime or two of equity…. then open a 24hour Pizza shop over the road from the pub…. ya gotta eat when you roll out the door right??…. naa seriously… a suggestion would be to get out as much equity and go for broke on the +CF props… but as they say …..…[Read more]

I’ve always found lease options interesting but haven’t found much info about it but I am going to rick otton’s one day event on it……..anybody else going?

Cheers,
Kiwi[specool]

Make sure you win on the transaction going onto it rather than hoping the govt or the market place will make your dreams come true
put in none or as little of your won funding as you possibly can to make the return much more attractive Get a whole heap of opportunities on the table at once… this way you will not be tempted to make a deal…[Read more]

No difference… as COCR or IRR is not considered when going processing the 11 Second rule…

Tis merely a guide to short list you with … interesting opportunities… further investigation required though.

Demographics, economy sustainability, employment, development, transport access and population migration considerations must also be a…[Read more]

Originally posted by Lucifer_au:
We don’t like to structure our deals with buyers being tennants (unless doing LO’s and we are forced too). Mainly because of non-payment issues. If people stop paying we don’t want to have to wait long periods of time to take back the house (and where we have to pay for it with a non performing…[Read more]

Hey Shane1,

You could always go for a Negative Gearing rescue solution.
There are many options to go for and I am sure you will come up with one if get really creative…
Cheers
Kiwi[biggrin]

Great Point Kay :o)…. This would mean that it is: 122,000 people compared to 68,000… still a big jump from the dablers to the seasoned professionals don’t you think?
However I think my point is across… look a the difference between those that have 1 property and those that have 3 (Investments)…. where do you think a lot of those extra…[Read more]

Just click on the Fmaily first post email button to get through to them
Cheers
Kiwi

Perspective my dear freinds perspective ….. this is what puts us into fits of frustration, worry and the like!

I Contract & JV to companies, partnerships and individuals and buy, construct transactions and sell +ve CF props in SYD .. and will continue to do so as this is a great time to buy at the Moment.

If you are thinking or CF+ rentals……[Read more]

When Steve mentions 20% COCR for Commercial… this is because of the extra deposit needed usually to secure commercial property. I would say that the 35% (Inc Closings) you need to pull out of your property to complete the transaction… should still be considered as a deposit as you still need it to raise the…[Read more]

Hi Word!

My personal opinion is to sit down and work out the nuts and bolts…….
You could work out …
Do I want the income?-Money now and freedom to work or not work?
Do I want the Capital Gains? – Money later and choose to sit back and work for some time into the future before getting a return on that blood sweat and tears?

Or …. really…[Read more]

Hi there,
While there has been a steady approx 70% of the population owning or paying off property….

Of this percentage of home owners only around 6.5% are investors:
1-prop =5%
2-props = 1.5%
3 or more props = 0.5%
**************************************************
There has been a steady decline in population paying off a property since 1974…[Read more]

Hi There …. your question is an interesting one…. this depends on many factors including:
Exit stratagy
Market status
Population
Economic stability
– – Demographic of population ” is it a war zone?”
changes in public transport, schools, shopping centres,
All of these things are a part of the solution and will assist you to look at a deal…[Read more]