Recent content by kelvinh

Bought a prop few yrs back with out seeing.. (the other side of the country)and now its about to be sold.. and I still havent seen it... except photos. Agent shouldnt have any issues...

Ive been contracting for years.. no hassles with loans etc.. Also alot of places will extend your contract if theres more work.. and your decent Of course looks better if your doing the same role.. guess it also depends on your LVR...

My view on the Morayfield market... A heap of new properies always coming on the market (new hoes which bigger and modern designs).. and seems to be for cheaper and cheaper... So new stock pushing down prices.. and also rents... I wouldnt buy there again till i was was confident that the...

The conveyancing lawyer have explained everything. They can prepare the contract of sale, and do the settlement... Grrrrreeaattt. and saved my self about 5k in agents fee.

Ive negotiated the price to sell my IP to the current tenant. We spoken verbally, and both satisfied with the price... What now... Do I need a RE Agent? or just a conveyancinglawyer? I spoke to one agent previously and he said for him to sign the paper work it would be 6k... not sure if...

Hi Im just wondering if there are any reputable companys in QLD that can take care of vendor finance. I have property in QLD, that Im thinking of offering to my current tenants(or other potential buyers) as a vendor finance or wrap deal. Im looking for a company to take care of the whole...

Thanks for the warnings etc... But I feel confident that this is a sound oppurtunity.. and will try and find a way to make it happen.. Regards Kelvin

Thanks Welcome.. Apperciate the concern... Yes we have access to most of the groups detailed financials (wont say how.. but it wasnt supplied by the group...and had our accountant look through and give us his opinion)... and are satsified with it. now back to sourcing funds. ideas...

We will see Im hoping we can come up with a solution.

Any MB's find a solution to a similiar scenerio they might have come across recently... Main things im being told is.. Banks arent keen on cash outs.. Bank arent keen on 3rd party gaurentors unles sthey have a clear financial benefit from this.. My solution was to suggest setting up a...

Ok my folks have said they will put up there paid out IP as security... there happy to garentor on the loan.. but would prefer not to be on the loan as an applicant. A very conservative val should come in about 360k.. Im looking to be able to get around loan or LOC for 360k.. if its short...

mmm.. looks like... Im gonna have to put the creative thinking cap on for this one..

BTW any low doc/no doc lenders doing 95%+ these days ? If not how much do the low doc lenders lend to.. and what kind of rates are on offer.

Rolf... On the company borrowings capital 8% paid over 5yrs. no figures included for the inital 350k that we trying to get to seed. Ive got some hard copies here of a very conservative average on net sales from existing stores. Net profit around 15%. (So that doenst take into account...

The 350 is to pump money into a company (buying 50% share into a comapny ) which will buy into 2 franchises businesses... The inital 350 will setup one franchise.. and then once setup that will be security for the other franchise to setup and operate.. Once setup it is likely to produce...