Thanks to all who replied!
I occasionally get enquiries from all over Australia that I canâ€™t help due to geography. If youâ€™d like me to pass on their contact details please feel free to PM your email address to me (prefer PM as I donâ€™t need to keep a separate list elsewhere). I wonâ€™t use the details for anything other than letting you kn…[Read more]
The number of yes’s in my previous reply reflect the time of day and my attitude towards the market.
A bit like bob the builder. Can he fix it? Yes he can!
Get more out of Renting!
Hi all, just scanning the pages and came across the post. Certainly a variety of thoughts and comments. Just want to encourage you that the SA market is still strong if you look for the deal that no one else can or wants to make work. Having said this, yes – there is an element of risk involved. Others call this ingenuity.
For those from…[Read more]
thanks for your feedback, yes you’re spot on re the lease option. I’ve been mulling this over and your comments are in line with my conclusions thus far. I’ll get back to the couple and see if we can make the deal a lttle more standard. I’ll check up on the other points as well.
Enjoy your weekend!
Get more out of…[Read more]
Thanks for your response,
When you say that I would get to keep the return of 10% all to myself, are the repayments being paid out of this return?
(very) rough figures for the child care example are as follows:
Gross return: $54,000
Loan payments: $31,000
Nett return: $23,000
I suppose I should mention that we would do a lease option, so sell…[Read more]
Hello Y, good question.
Understanding your own finances is always the first step before investing as there is no sense in creating extra income if it’s just going to disappear by creating more doodads!
I teach my tenants some basic budgeting skills before we give them the go ahead to look for a house. Typically use the approach that John Burley…[Read more]
Hi there Ace,
Good to hear that you’re out there making things happen. I’m based in Adelaide, most of my stuff has been in the Northern areas.
Don’t have a problem finding houses as I focus on the tenant and educate them to find the right house.
All the best, Marco
Get more out of Renting!
Hello Rugbyfan, thanks for your reply. Yes, I agree with you that this statement (as with any other) should come under scrutiny. It gives others and us an opportunity to understand and clarify the point being made.
Firstly, Kirribilly isn’t for sale at the moment and I can’t see it being on the market in the near future. The point I’m makin…[Read more]
Guys, do you want the secret? I mean, the REAL secret? It’s in Steve’s book, but if you’re not looking you’ll miss it…
Are you ready for it?
Here it is:
It’s the PERSON that makes the deal work, not the HOUSE. Any **house** can be cash flow+, as long as the person is happy with the deal.
Kirribilly house…. Now there’s an ex…[Read more]
welcome to the forum, and congratulations on taking the plunge into the South Australian realestate market. I suppose the reason there isn’t so much activity on the forum regarding the SA market is due to the limitations placed on us by the SA Government regarding wraps. This, however, shouldn’t stop anybody buying some well placed…[Read more]
I found Bill Handley’s book “Speed Mathematics : Secrets Skills for Quick Calculation” very useful. I am by no means a maths enthusiast, and when I started doing a few deals I found that it took me *hours* to crunch the numbers (persistence pays off!)
Al though it’s not specifically about property, I found that once my general…[Read more]
there are a couple of views here. One of the decisions that you need to make is how you want to realize your profit. Do you want all your cash flow now (and not pay off any principal), or do you want to take the balanced approach and take a little less cash flow, pay a little principal off the house and even make a little capital…[Read more]
Hi there wezwas,
Although I have not personally attended Ed Burton’s seminars I would like to offer the following comments. Take them for what they are worth.
One of my colleagues has attended and we are now using *some* of the strategies as per the seminar.
As far as Lance Spicer is concerned,no comment. Have read the books but not gone much…[Read more]
Marco replied to the topic Secrets to getting Top Price in selling Your Home! in the forum General Property 16 years, 8 months ago
Hi Bill, great work! Would really appreciate this too!
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