PropertyInvesting.com | miracle | Activity https://www.propertyinvesting.com/members/miracle/activity/ Activity feed for miracle. Sun, 12 Apr 2026 23:33:33 +0000 https://buddypress.org/?v=2.8.1 en-US 30 hourly 2 4553eca31b27fef7607c83408fd65b2e miracle replied to the topic Pre-Approval - I'm getting antzy in the forum Finance https://www.propertyinvesting.com/topic/4378503-pre-approval-im-getting-antzy/#post-4505239 Mon, 21 Feb 2005 12:36:02 +0000 Then if worst comes to worst go to a non-conforming lender, if the figures work for you. They charge a higher interest rate, depending on circumstances.For example Liberty start at 6.99% approx and can go up to 10% or higher, however, this is normally for customers with major credit default issues.

Just hang in there, it’s only early days yet.…[Read more]

]]> 71b1a9fcfd6ffca8f3baf55dffb9be32 miracle replied to the topic Have anyone got finance from Private Finance Coys? in the forum Finance https://www.propertyinvesting.com/topic/4378723-have-anyone-got-finance-from-private-finance-coys/#post-4506479 Fri, 18 Feb 2005 00:00:38 +0000 Definition of small;

Some lenders; 4-8 units, 10-20 lots of land (still for the inexperienced a good project manger will go a long way)They will start to look closely when loan amounts go over $1.5m for inexperienced, although is still possible to go higher.
My suggestion; start off with 4 units, the next do 10 lot land, then jump to 8 units and…[Read more]

]]> fc9dcecea2a31c5bbe11b674a9cb7568 miracle replied to the topic How do I work out costs when selling and buying? in the forum No Subject https://www.propertyinvesting.com/topic/4378766-how-do-i-work-out-costs-when-selling-and-buying/#post-4506834 Thu, 17 Feb 2005 23:51:18 +0000 Try this link;

http://www.infochoice.com.au/banking/calculate/flash/stamp-duty.asp

That will help you out with stamp duty etc.

]]> bd995f5f21c48a9d2c4719a88a70f08d miracle replied to the topic Have anyone got finance from Private Finance Coys? in the forum Finance https://www.propertyinvesting.com/topic/4378723-have-anyone-got-finance-from-private-finance-coys/#post-4506475 Wed, 16 Feb 2005 14:31:33 +0000 There are lenders and private also that will fund more than 100% of development projects – Gross Realisation, is the term as mention previously, by others.

However, to elaborate a bit further, some of these lenders will fund this amount to people with no experince in developments. So if you are thinking of starting developing or don’t have the…[Read more]

]]> d03c11063c4b80d2a3ab51d8d14d103f miracle replied to the topic Entry in Credit File in the forum Finance https://www.propertyinvesting.com/topic/4374947-entry-in-credit-file/#post-4482357 Thu, 29 Jul 2004 04:28:59 +0000 Another point;

Depending on the lender, even though the marks on credit files come off after 5 yrs, 7yrs bankruptcy, they (lender)can still see the marks on your file, even though you can’t (if accessed publicly etc.).

Reason being; they pay big dollars for access to files that date back up to 15 yrs.

So, don’t go saying you didn’t have a…[Read more]

]]> d7bcda18522ef26cd03f2bcb2f021c67 miracle replied to the topic Vendor Financing Traps in the forum Finance https://www.propertyinvesting.com/topic/4374695-vendor-financing-traps/#post-4480762 Sat, 03 Jul 2004 12:49:42 +0000 Well, I tend to agree mortgage advisor, however
Richard, just trying to get something for free!

Oh yeh, I’m not using put & call on properties from mum’s & dad’s, it’s for excatly what you use them for, development sites.

]]> e9254cf8168e10175c3fa2ba1389af5e miracle replied to the topic Vendor Financing Traps in the forum Finance https://www.propertyinvesting.com/topic/4374695-vendor-financing-traps/#post-4480760 Fri, 02 Jul 2004 13:17:06 +0000 I have done many of these.

There are also a few other tricks, that may assist you also. Email me for details.

Anyway to answer your questions

1. Didn’t realy find the seller, just asked every seller for the properties that was being purchased.
Sweettalking – none really, just explaining it clearly and having it all prepared by a solicitor.
I…[Read more]

]]> 9469fcd3d044b61c5fa8bf62415ddd64 miracle replied to the topic Put & Call Options in the forum Help Needed! https://www.propertyinvesting.com/topic/4374791-put-call-options/#post-4481266 Fri, 02 Jul 2004 11:51:59 +0000 Thanks Ibuycashflow. Do you have any contracts or documents, for examples, that you may be able to forward to me? Or know where to get them.

I am wanting to purchase a few properties and on sell using this method.

]]> cca51057d2323da873352b1f31db94d3 miracle replied to the topic school dillemma!!! in the forum Finance https://www.propertyinvesting.com/topic/4374267-school-dillemma/#post-4477805 Fri, 04 Jun 2004 12:45:53 +0000 I think both of you are have valid points, however also a little uninformed.

Firstly, I admire your direction and determination for having your eye on your goal. Especially, after copping some flack on this site.
I think everyone here wish they had started as young as you (even if it is gaining knowledge and not doing the practical side…[Read more]

]]> 86f061e932286cf634080a71167fb2e5 miracle replied to the topic Agent For Sale Signs.. in the forum Help Needed! https://www.propertyinvesting.com/topic/4374228-agent-for-sale-signs/#post-4477443 Thu, 03 Jun 2004 12:30:07 +0000 Agents need to abide the local laws in regards to signs. So call the local council, and ask what is the time frame they are allowed to be there!
If it’s gone past the allowed time, complain or rip it down.

If it is in the allowed time frame, get some local drunks that walk past in the middle of the night to have some fun with it!

]]> c65273c32d4c2935d54fe4d269057756 miracle replied to the topic [moved] Investing with Developers in the forum Value Adding https://www.propertyinvesting.com/topic/4374184-moved-investing-with-developers/#post-4477059 Wed, 02 Jun 2004 13:30:24 +0000 Thanks for the feedback!

Mel,What is Bernad’s returns?

Mel, funny you mention they can do more than one deal.

A developer in particular has increased his projects to $120m in a relative short time.

The link is below, if you would like to check out, one particular developer, I was considering to invest…[Read more]

]]> 8b47462d7cf1200214afe90dac150a40 miracle replied to the topic A doer upper in the forum Creative Investing https://www.propertyinvesting.com/topic/4373756-a-doer-upper/#post-4474069 Fri, 28 May 2004 02:47:07 +0000 What your talking about is already being done.

However the company doing it works like this.

Company pays for renovation (let’s say $10000). Their fee is 100% ($20000). Registered as a second mortgage($20000).
When vendor sells, company recieves fee at settlement, vendor recieves the surplus.

Documents are drawn up giving the vendor 6 months to…[Read more]

]]> 7fec3555232a93366aba21842ce83f11 miracle replied to the topic Best Deals in the forum Finance https://www.propertyinvesting.com/topic/4374041-best-deals/#post-4476031 Fri, 28 May 2004 02:07:57 +0000 Some of the best deals currently;

LOC: 6.69% – 7%

2yr fixed: 6.69% – 6.89%p/a
4yr fixed: 6.99% – 7.09% p/a

Standard Variable: 6.8% p/a
no ongoing fees
$600 application (can be waived in certain circumstances)
Interest rate can be negotiated or buy your interest rate to low as 6.45%p/a* terms and conditions apply

Top rates – 6.45% – 6.83%…[Read more]

]]>