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December 13, 2002 - 2:26 am

Hi Insider…

Basically you will need to be writing $10M a month in residential property finance over a period of 6 months before any of the wholesale arms of the banks will open discussions.

You will also have to show due dilligence in managing and creating relationships within your business, have the right personal to assist in approving credit (that is they have to 12 months + experience) a system and Quality Procedures manual…all in all if you start from scratch it would take time however businesses are always for sale….good hunting

Tony Barton

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November 28, 2002 - 11:31 pm

Hi Sooshie,

Thanks for the advice. It is always good to hear input from people that are already doing it and can help me avoid costly mistakes.

Cheers,

Matt []

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November 27, 2002 - 9:52 pm

Hi Brett,

Thanks for the welcome. I have already learned quite a bit from reading some of the topics, especially what was written about structuring, and I am certain that I will find out all the ‘how to’s’ from here.

Cheers,

Matt []

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November 19, 2002 - 5:35 am

Yes i am an investor in both brisbane and sydney,but due to my heavy involvement in my business,i am not spending enough time on property investments and i guess i would like to know of a network of investors or individuals that are in the same boat.

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November 18, 2002 - 3:44 am

yes it is normally done and used on off the plan purchases,but can also be used to secure any property..

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November 17, 2002 - 8:15 am

looking for the same answer

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November 17, 2002 - 8:01 am

Plenty of equity and assume cash,go for it

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November 17, 2002 - 7:56 am

Plenty of equity and assume cash,go for it

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November 14, 2002 - 12:29 am

Good morning…

Australia has never experienced a property bust before… only corrections of about 20% max.

I can”t see a bust this time around unless we have a huge x-factor not currently forseen, such as a huge stockmarket correction, major multi-country war, mass unemployment etc.

But surely prices can’t keep rising, ’cause sooner or later property just won’t be affordable to the masses.

At this point the market will have peaked and prices will start to fall.

Well, that’s my take on things anyway!.

Steam_Train

P.s. When are you going to run a seminar in the West? Do like the song says! “Go West! Life is peaceful there!”

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October 10, 2002 - 12:10 am

People are like sheep in that they follow the pack.

Now that some of the leaders of the pack have changed directions, the less informed and educated will follow suit.

Same happens in stocks too.

When the market psychology shifts – market reation follows suit.

There’s just as much good information in the market at the moment too – like the new Vic. urban plan that restricts the development of the Eastern corridor.

Also, for Inner City investors, forecasts of higher density living planning will mean that those with land will get massive capital growth.

BUT… when the newspapers catch the sniffles the general market catches a cold.

I can’t see anything other than a correction – not on economic grounds – but because the nuff nuffs of the world believe it should happen.

Steam_Train

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September 30, 2002 - 11:20 pm

Ed,

Unless you have a hotline to the PM then you are confined to the information access that the rest of us have… which in this case is really a best guess.

So my thoughts are that it won’t last forever, but it will last for a while yet.

I think I remember seeing other posts on the forum about this exact topic so why not do a search?

Oh – and since this seems to be your first post – let me beat Steve to the punch and welcome you aboard.

Steam_Train

P.S. And mate… if you’re telling me that $7k is the difference between buying and not buying then… well, things are looking grim.

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September 25, 2002 - 11:38 pm

Isn’t Steve holding a seminar in Sydney?

Reading the testimonials about his Melbourne event, surely that would be the place to network, wouldn’t it?

But is it worth the $2,000 price tag???? I guess that depends on a number of things…

Steam_Train

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September 25, 2002 - 11:31 pm

Friends,

Surely the issue about software is to look at what needs you have and then find something to match it within your budget.

Personally all I use is MYOB and some crafty Excel spreadsheets.

But then again I’m a cheap sod.

Steam_Train

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September 25, 2002 - 11:27 pm

And that’s why a fool and her money are soon parted.

Perhaps its sad… perhaps it’s the way of the investing jungle.

Hopefully she won’t make the same mistake twice.

Steam_Train

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September 25, 2002 - 11:22 pm

Tim,

I made an offer on a property in Queensland once and was surprised to find that the agent required I sign a contract rather than an offer.

I put it down to banana-benders doing things differently and mused about what would happen in the counter-offer process.

Well – the contract was faxed back and forth and every counter offer meant a line through the precious figure and then signatures. It was a shambles, but it was the way the market worked.

Anyway, so long as you have a ‘get-out’ clause… what difference does it make if you sign a contract or not?

Oh – and by the way – three get out clauses is surely almost an overkill isn’t it?

For what its worth I don’t think you did anything wrong and now your more experienced for the effort. But what did your lawyer say about the process?

Steam_Train

P.S. What’s poverty then? A choice?

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September 14, 2002 - 12:51 pm

G’day Cherry,
Have you still got it?
Please let me know at [email protected]
Barbara P.

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September 12, 2002 - 5:09 am

Hi all,

As far as wrap software is concerened you may want to check out a mate of mines website (Rad Williams) http://www.mypropertymaster.com which incorporates a 30 day trial period.

Good Investing,
Tony Barton

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September 6, 2002 - 3:15 am

Sooshie…

Beware the word POTENTIAL when used in the same paragraph as AUCTION.

Hey Steve et al. Perhaps some tips about what to do at an auction would be handy?

My 2 cents… always ask a question of the auctioneer at the start of an auction that raises doubt about the quality of the property.

For example – “Is that asbestos roofing on the garage?” or “Could you confirm that rates rose in this area by 30% last year etc.?”

Steam Train

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September 3, 2002 - 12:58 am

Hello Michael

Yes I am in Hobart. I would like to be in a position to attend regular meetings, but at this stage it is unlikely as i plan to head overseas in the next few months. Although when i return i look forward to seeing what has been set up.

Goodluck with it

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September 2, 2002 - 1:24 am

Hi,

I’m new to the site, but was interested to read the wrap article under:

https://www.propertyinvesting.com/files/articles.asp

It might answer some of your questions…???…

Bye

Steam_Train