“a. Save less than you earn”

Should a be “SPEND less than you earn???”

Have an awesome day!!!

Cheers
watto

Just wanting some feedback on various For Sale By Owner sites…

http://www.forsalebyowner.com.au
http://www.noagentproperty.com.au

I am looking to sell a freehold property in Launceston Tasmania with an on going bussiness… I have had it previously listed with a local agent without much success (seemed i passed on all the leads and did…[Read more]

How about posting some numbers on these deals so we can make a decision to persue them or not.

Just basic numbers will do at this point…

Purchase Price $
Expected Legals for area
Rates
Rents

Also a brief description of the property would be good.

cheers
watto

“don’t be an oxygen thief”

cheers
watto

quote:

G’day all,

Thought some might get a chuckle from these…..

Apparently these are from actual Performance Evaluations, there are some absolute crackers in here.

“Since my last report, this employee has reached rock bottom and has started to…[Read more]

server: irc.blitzed.org

Port: 6667

All welcome…..

cheers
watto

Somersoft forum has a pretty good chat room. Always someone about willing to chat about almost anything…

Use mIRC or use the chatroom link in the forum home page…

“Welcome to the Investment Property Chatroom (#ipchat), watto!

When you enter the chatroom, you will be identified using your preferred nickname: watto.
If you want to…[Read more]

Thought some might get a chuckle from these…..

Apparently these are from actual Performance Evaluations, there are some absolute crackers in here.

“Since my last report, this employee has reached rock bottom and has started to dig.”

“I would not allow this employee to breed.”

“This employee is really not much of a has-been, but…[Read more]

A similar thread was started over at the somersoft forum….

http://www.somersoft.com/forums/showthread.php?s=&threadid=10814

Its not quite as simple as suggested….things to consider are fire ratings between dwellings, possibly fire escapes depending on state plus lots of other things…

Good luck its well worth the effort to…[Read more]

Congratulations on the book release. Looking forward to having a read.

Could u just clarify the special offer for online orders…

“Special Offer
Demand for this book is understandably expected to be huge, and the only place where you are guaranteed to get a copy that’s shipped the next working day after your order is here at…[Read more]

this might be of some use….

Extracted from…

http://www.travelmate.com.au/MapMaker/MapMaker.asp?TM_Page=Mapmaker

1 Start at ELIZABETH STREET MELBOURNE SE 464 meters 40 Seconds

2 Turn left FLINDERS STREET MELBOURNE E 694 meters 59 Seconds

3 Turn right BATMAN AVENUE MELBOURNE SE 1.84 kms 2:15 Minutes

4 Continues as SOUTH…[Read more]

Got this link in my email thought someone might find it useful…

http://www.freegoalsettingbook.com/goalsetting.pdf

cheers
watto

http://www.ausimage.com.au/ausimage/ausimage.cfm

look for the blue enter button, then select aerial images and take a different look at your IP’s….

cheers
watto

I hope the reno went well and has added some value.

Good to see u back and active again.

Cheers
watto

Start hassling early to make sure they will be ready with time to spare…

Cheers
watto

Bricks n Sticks The Positive Way…

It’s not about the property It’s about the people…

Cheers
watto

cheers
watto

Here is a quick link into some of Oztralias leading daily newspaper sites….

http://www.dailyearth.com/IntnNews/australia.html

“Australia Newspapers
CIA Factbook on Australia”

Check out the CIA Factbook there is some interesting titbits to be found….not particuarly property related thou…

Cheers
watto []

Here are a couple of links with tons of free articles to download and read….

Use the search functions to find the stuff you want to read about……

http://www.taxlegal.com.au/index.html

“Our Firm
Kevin Munro & Associates is a leading taxation practice, situated in Sydney CBD. We specialise in the provision of taxation advice and pla…[Read more]

March Melb MSN group meeting – Michael Yardney guest speaker (post #1)

Folks,

Michael Yardney of Metropole Properties has agreed to come along as our guest speaker for our next Melbourne MSN meeting to be held at Swinburne… we intend to run the next meeting on Thursday the 20th of March, (at Swinburne -…[Read more]

http://www.matrixmg.com/quantity%20surveying.htm

I just recieved a fax quote from DEPpro who will be doing a trip to Tasmania shortly and they were slightly more expensive than the above company.

cheers
watto

Glad i could help in some small way…

I know i for one have recieved help and support from members here and at other forums such as Jan and Ian Somers found here….

http://www.somersoft.com/forums/index.php?s=

or over here at the Ninemsn group….

http://groups.msn.com/PropertyInvestment/welcome.msnw

cheers
watto

In the current issue they have a sealed envelope….opening it up reveals a printed document “How To Retire Wealthy”

After a quick scan its about them finding +ive cashflow IP’s in BNE, VIC and NSW…..

do your due dilligence and as always caveat emptor…

cheers
watto

http://www.metropole.com.au/

don’t forget to subscribe to their monthly newsletter it’s a good read and it’s free….

no spam either just a monthly copy of the newsletter….

go for it Sooshie…

cheers
watto

http://www.selfsell.com.au/

http://www.owner.com.au/

http://www.privatesale.com.au/privatesale/

http://www.anreps.com.au/

Well thats a start for u….

Sooshie you are welcome to add them to other links post….

cheers
watto

quote:Wouldnt have a clue Watto. I saw there add in a mortgage originators magazine and filed it for future reference as 80% could be handy one day.

I did a google search and found this to tuck away for future needs……. [8D]

http://www.aaamortgages.com.au/default.htm

cheers
watto

Got my free book on “super in a nutshell” the other day and had a quick flick throughh it.

For a freebie it’s ok. Will get around to a full read sometime soon.

cheers
watto

quote:Try AAA Mortgages in sydney 02 92991144. 80% on commercial, minimum loan 500k, 7.75%. They will do 5.85% for 60% LVR.

Will AAA do 80% on Freehold/Leasehold deals?

Will they do 80% on value of Freehold?

What are they like to deal with?

cheers
watto

quote:Regarding “tax avoidance”:

Tax EVASION is illegal, but tax AVOIDANCE is not only legal but should be everyone’s aim!

I think tax AVOIDANCE is the wrong word to use!

You possibly mean “MINIMISATION is not only legal but should be everyone’s aim!

I don’t see the point in evading or avoiding tax when there are plenty of legal ways to…[Read more]

No need to ask, if you think they will serve some purpose, then go for it.

BTW well done on the wrap….

cheers
watto

cheers
watto

Edited by – awatto@bigpond.net.au on 16/01/2003 10:39:14 PM

LMI need not apply when using 100%+ finance on a deal.

The use of a LOC account secured against another property will allow you to make up the difference between the 80% lend from the bank.

cheers
watto

Cheers
watto
Melb Freestyler

cheers
watto

Edited by – awatto@bigpond.net.au on 13/12/2002 8:20:38 PM

No probs Sooshie, transpose away…

cheers
watto

G’day Barny,

I have not recieved a copy as yet, but others i know have and reports are mixed, but its a freebie and thats gotta be good….

Cheers
watto
Melb Freestyler

Edited by – awatto@bigpond.net.au on 12/12/2002 9:53:35 PM

Also it should be remebered that when settlement is due you actually need to be able to come up with the…[Read more]

http://www.somersoft.com/forums/

also while you are there drop into the chatroom and see who’s in….

Cheers
watto

Cheers
watto
Melb Freestyler

Here are 3 more sites that have lots of good info…

http://www.wealthtipsonline.com.au/

“Welcome to wealth tips online. The information on this site outlines proven tips, strategies and techniques that will improve your personal wealth and boost business profits. This is a mentor site. My aim is to help you learn to use money to…[Read more]

This one is a new forum with some interesting stuff from an interesting investor…..

http://www.wealthesteem.org/phpBB2/index.php

Lots of property posts in here……..

http://groups.msn.com/PropertyInvestment/welcome.msnw

Cheers
watto
Melb Freestyler

Here is a link to a couple glossaries that might help…..

http://www.creativefinance.com.au/pages/glossary.asp

http://www.creativefinance.com.au/pages/abbreviations.asp

Cheers
watto
Melb Freestyler

Don’t forget to figure in closing costs when you do the numbers.
Also the 100K left in the deal by the vendor will usually need to be paid out in a short period as Steve mentioned, this is a P&I loan on very short term.

Cheers
watto
Melb Freestyler

It looks like the ball is rolling.

I would be interested to know what type of info you send out to prospects.

Are their any other wrappers currently/previously working in your target area?

Are you planning to do more than a couple of wraps?

Cheers
And
Good luck with your wraps.
watto

Cheers
watto
Melb Freestyler

Have you considered the option of vendor finance for the $$$ you are short. Sometimes this is the only option for some sellers to achieve a sale at the price they are asking.

Vendor finance is when the seller agrees to leave some money in the deal, usually at a higher interest rate, for an agreed period.

There are lots of issuses…[Read more]

Just a little info to add to the FHOG conversation might help some…

Copied from http://bne003w.server-web.com/~wb013

All accolades to original posters below….

“Topic: FHOG Clarification (1 of 2), Read 62 times
Conf: Property Investor Forum
From: Robert Forward robert_forward@creativefinance.com.au
Date: Thursday, May 30, 2002…[Read more]

Do you fully disclose to GE the purpose of the funds. Specifically that you are wrapping the security.

Cheers
watto
Melb Freestyler

If you’re paying 7.25%, how do wrappees feel paying 9.25% minimum.
When bank rates are as low as 4.99% for honeymoon rates????

Cheers
watto
Melb Freestyler

You said:

“Ad:
Display home in sought after area of melbourne. Offering guaranteed 2 yrs lease back at 8% with option of 3rd year. Price: $365K.

Sums:
1. If we take an interest only mortgage of 90% fixed for 2 years($328,500.00). Repayments are $1546.00pm. based on 5.65%. Rental is $2433.00pm, leaving a positive cash flow of…[Read more]

There really needs to be a way to mark posts as read. I’m finding that im reading over old posts to get to the new ones. This is not time efficient and very frustrating.

The forum needs to be as user friendly as possible or people will stop logging in…..and this will make a lonely forum…

Cheers
watto
Melb Freestyler

The new forum looks good….but….

its a bit hard to read and quickly see what are new posts and what is old…..

time is limited for me and i need a more efficient way of reading new posts….

Cheers
watto
Melb Freestyler

The term cashed out refers to the point in time when the wrappee is either able to refinance with a normal lender or pays the final payment in 25 years…

Ususally a wrappee would cash out after maybe 1 – 2 years of regular payments as they then have a credit histroy which they can show to lenders….

Hope that answers your…[Read more]

Site looks good, it’s getting tuff
to keep up with all these new forums…

Hopefully lots of good wrap info to come…

Is the property for a wrap or buy and hold?

Cheers
watto
Melb Freestyler