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  • Profile photo of Mrs PropertyMrs Property
    Member
    @mrs-property
    Join Date: 2010
    Post Count: 6
    June 28, 2010 - 5:22 am

    Has anyone completed this course and found it valuable?

    Can anyone recommend it?

    Profile photo of Mrs PropertyMrs Property
    Member
    @mrs-property
    Join Date: 2010
    Post Count: 6
    June 24, 2010 - 10:49 pm

    I did a Rick Otton boot camp a few years ago and learnt about Vendor Finance then. I tried to give it a go on my investment property but never pulled it off. I've since realised Vendor finance isn't for me. I am into developments now which I am enjoying.

    Keep the discussions going though, I love anything property so always keen to read about anything related.

    Profile photo of Mrs PropertyMrs Property
    Member
    @mrs-property
    Join Date: 2010
    Post Count: 6
    June 23, 2010 - 11:25 pm

    Thanks for the advice.

    Darren, yours was particularly helpful and I will always remember that quote (its great).

    I've done some figures.
    They will have $85,000 in the deal
    I will have $260,000
    Plus I'm the one pulling it off

    Two ways I can put this to them:
    1- Offer them % of the profits, I'm thinking 18% (this would equate to about 40% return for them)
    2 – 30% ROI

    What do you all think?

    Also, does anyone have a good development costing spreadsheet? I'm pretty sure I've covered off all my cost s but you can never be too sure. Would prefer to over estimate and get a bonus at the end than underestimate and be in a sticky situation.

Viewing 3 posts - 1 through 3 (of 3 total)