Heh guys lets hold up there.

I can think of several regional queensland towns where i have good agent contacts which are still enjoying steady capital growth.

As Kerri suggested why not ensure that you loan is one of Principal & Interest and then at least you can reduce the debt as time goes by.

As the debt reduces use the built up equity in…[Read more]

Sailesh

We just completed 1 in Carina (9 Townhouses) in 9 months so it can happen if you co-ordinate and plan well.

I however agree you need to be a builder or land banker to make a decent return. I woulnt do a project these days for less than 25% return. Thankfully we land banked over the last 5 years in Brissie and can now reap the…[Read more]

Nigel

I appreciate your services are to act as a buyers agent for NZ and Australian property but i still can’t agree with you.

You state that you “will get strong capital growth In NZ” well i think that applies here as well. I can think of over a dozen towns in Qld where growth is still happening.

You state that “Wrapping will only get you a…[Read more]

Fantastic solution Apostle

Out of the 5 posts of yours i have read i can’t see 1 that is actually constructive.

As Terry points out there is a difference in being creative and dishonest or illegal.

Also it is difficult to make a constructive comment when you dont have all the facts to hand. I think what Terry and Robert have written to date is…[Read more]

Surrey

Is your property being constructed by a project builder/ What square metreage is the property.

For a Townhouse develeopment you are probably looking at around $1400 / square metre.

Certainly for a project home you an pay as little as $450 / $600 in oure construction costs but you will get what you pay for.

Cheers Richard
richard at…[Read more]

Kerri

See great Queensland minds think alike.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Although Terry there a couple of lenders i can think of that actually lend against valuation from day 1.

I have just settled a deal which was an off the plan purchase and the property has gone up considerably in value (Yes i now its unusual) where the lender took the valuation figure and not the purchasr price.

Admittedly the rate of interest…[Read more]

I am with SIS whilst you can trade a CC in single contracts of circa 1000 shares (dont forget not all Companies trade in a round 1000 shares) it certainly isn’t profitable with brokerage charges and OCH fees.

With 5-10 Contracts at least you are starting to generate a decent monthly amount even on a small stock like QAN or TLS.

Writing a CC over…[Read more]

BJ i think it all depends on how much you want the property in Vic.

Now a days the interest rates charged on standard bridging are the same as normal mortgage rates so the days of 4/5 % above base have gone.

You have to be releastic in what you think your property in Qld will eventually sell for and work our whether if you drop the price now you…[Read more]

Yes Robert i believe the main criteria is will the vendor pay me between $11=$15000 on the date of settlement.

Don’t think to much else matters.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Most FA tend to agree that you need a minimum of $75K in your own SMSF to make it worthwhile and that is merely that the costs of compliance and reporting make it roughly similiar to the management fees and charges a company fund would charge you.

Personally i think you are right with you figure of 200K and am glad I had more that that in my…[Read more]

Wayne

you are obviously not in SE Qld it is big business in Brissie and the Gold Coast – I wonder why.

Is it all the white shoe brigade wanting to get away.

By the way Yes i would lend to an ex bankrupt and have done so on more than 1 occassion.

Recently approved a loan for a female QC who was married to a builder and had guaranteed his all of…[Read more]

Thanks for the wrap robert.

A pom actually you dont become a Cane Toad until you have been here 20 years. I still 8 years away from being a citizen.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Ok let us now if you need a name at any stage.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

AXJ

Which part of town are you?
I have a good mate of mine in the Western Suburbs who is a FA ex St G Bank jonny like myself from way back.
PM and i woul dbe happy to give you his details.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Jeff

If capital is an issue have you considered A Buy & Write Strategy over Installment Warrants.

Especially something long dated with high delta.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Someone mention my name.

Kelly feel free to shoot me an email if you need pointing in the right direction.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Robert

New Site looks excellent. Might have to log it as a favourite so i have a central source of where to download all the FHOG forms for wrapping.

Good luck to ya.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which gives you a full Installment Contract.

Leo

Good to see that you nearly doubled the number of posts you have made to this forum by your comments regarding this question.

As someone who makes his living from wrapping and providing Vendor Finance in Qld(Yes you are right they are 2 separate types of lending) I totally disagree with your cast on the professional wrapper.

Similar as has…[Read more]

Sounds to me like you need a glorified cash book,

Something simple like Cashmanager might be the way to go as you can tailor it to meet your requirements and can easily formatted to MYOB, Cee data, Solution 6 or anything else your Accountant might use.

Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap CD which…[Read more]