Thanks Paul,

That all sounds very logical. Have you done many of them yourself?

Xenia

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
bricksnscience@optusnet.com.au
phone 0412 437 582

Hi Gatsby,
yes I agree, being a real estate investor is not a proffession most people understand. I also find that people that own one negatively geared rental properties also also call themselves investors and think they have something in common with you. Thats, OK, I usually tone my responses down to suit. The biggest problem I have is even…[Read more]

Not rocket science kp, all we do is buy property, value-add and re-sell. Just like all you other guys and gals out there. We use the old trick that in a hot market, if you don’t have a finance clause and offer a quick settlement, our offers get looked at more favourably (sometimes).

What do you do?[biggrin]

Cheers

Xenia

We buy properties in…[Read more]

Hi Reggie,

I always say that verbal offers are not worth the paper they are written on!

I have a letter of offer template (not a sale contract) that I use, email me if you want it. Its in word format.

Xenia

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents…[Read more]

GREAT RESPONSES!!![thumbsupanim]

I just knew that I wasn’t alone in this one. Talking about what we do for a living and money is bound to strikes fear in the heart of many investors. I commend you guys for being proud of what you do and not making other peoples insecurity problems your own.

At the end of the day, unless we are having a…[Read more]

Thanks everyone for the tremendous responses. I agree with not discussing money and I would never tell people (unless they are in the same loop) that hey, I just made $50K profit on that property deal. I just find myself squirming to get away from the question everyone asks.

“So what do you do for a living?”

How does everyone else answer this…[Read more]

what are the plans?

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
bricksnscience@optusnet.com.au
phone 0412 437 582

Hi Don and Liz,
the returns are 12.6% and all shops have new leases. since it is still under contract, I dont think its a good idea to put the address up, but I can tell you after it settles. [biggrin]

We buy properties in all conditions. Can offer Immediate Cash Settlements, No Real Estate Agents Required
bricksnscience@optusnet.com.au
phone 0412 437 582

hi unicorn,
im not sure what the masterclass is, as I try to steer away from advertising. However, what you say does sound logical. You can factor in a predicted downturn in the market as part of your risk calculations. Ie after you calculate what your profit will be, ie what the property will sell for at the correct market yield. Take away from…[Read more]

yes, those emotional properties. I have bought them too years ago when none of this information was available [angry2].

can you “value add” anywhere? Ie if you can do something to the property to increase its value, it means that you can get a better price for it. Ie put up front fence, new carpet, paint, landscape etc.

We buy properties in all…[Read more]

what is an experienced propery investor? someone who actively buys property bacause they are cashed up? Or someone who can spot a good deal whether they have the finance to buy it or not?

I wouldnt get too down Darryn, if your willing to put in the time and effort to learn the proffession, you can sell great deals even if you cant buy them…[Read more]

Hi Uforia,
You could try a home stay situation, where you rent out a room to international students for about $150 per week, depending on the intitution which provides the service. In SA, this is tax free for a max of 3 students. If you have the time, you could provide full board home stay, we did this for 2 years with a couple of international…[Read more]

Hi Veronica
instead of trying to debate about who keeps the bond, the best thing to do in this situation is to 1. give the tennant a chance to remedy the breach of contract. ie give them a chance to pay back what they own, if they dont, the money owned can be deducted from THEIR bond money.
2. try to mitigate your losses ASAP, get the house rent…[Read more]

well put surrey,
its about time more landlords started to treat tennants as a valuable contribution to their business and as their #1 customers, instead of treating them like pond scum. Tennants are people too and without them property investing would not exist.

cheers Xenia

We buy properties in all conditions. Can offer Immediate Cash…[Read more]

Hi Lily,
looks like you have ~$300,000 of equity in your current home that you can refinance and do something with. Why not put that towards an ip, instead of having it sit there and do nothing. I think your idea of selling your home, buying a smaller one and using the excess cash to purchase ip is a good one, your on the right track in your…[Read more]

interesting!!!
If rich dad exists, he would own half of Hawaii, he couldnt be that hard to find.

although Kiyosaki books are very entertaining to read, I find them very repetetive and I can usaully summarise the entire context of the book in a couple of paragraphs. Still, he is a marketing machine and he has to have something to write about, even…[Read more]

not sure what would suit your own financial circumstances, advice from your accountant may be best.
We buy these kinds of deals in a discretionary trust. This allows distribution of the funds at your discretion. If there is a member in your family who is on the lower tax bracket for earning, you can distribute more to them and less to the people…[Read more]

does anyone know the exact wording to put into a building contract for penalty provisions?

We buy properties in all conditions. Quick settlements, no agents required
bricksnscience@optusnet.com.au
phone 0412 437 582

I agree
do not ever trust a real estate agent for anything. take what they are saying into consideration but do your own due diligence.

cheers

Xenia

We buy properties in all conditions. Quick settlements, no agents required
bricksnscience@optusnet.com.au
phone 0412 437 582

hi Cheesy,
yes there are about 8 buyers agents in SA, listed under real estate buyers agents pg 1649 in the yellow pages. Im not sure how successfull they will be in finding +CF property, but you can give them a call to see what they can do. The kinds of deals that we find are houses to value add, ie renovations and subdivisons. So, far we buy…[Read more]