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    Mezzanine finance (2nd mortgage)

    Hi all, Haven't been around for a while, and have found all the changes! Sim tells me this is where I should ask a question on mezzanine finance. And before anyone asks: no, I have not done a HK course. I got into a JV part financing a development in Brisbane. It is going well, and the...
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    Anyone heard of Stellar Property Group?

    From: Apprentice Millionaire Hi all, I have searched through the archives, and I found no answer to my search. I have been invited to attend a free presentation (seminar?) by a mob called Stellar Property Group. The words "sensible, no-nonsense philosophy with respect to property investing...
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    Incentive to get a long term tenant

    From: Apprentice Millionaire Hi all, I have had what some people may think is a crazy idea. I have a property, and I want to secure a long term (say 5 years) tenant. Currently, the tenant pays $165 pw. My incentive plan to entice this tenant to sign for 5 years on the following contract terms...
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    Overcoming apparent lack of income

    From: Apprentice Millionaire Greetings! Starting one's own business after having been a PAYG has a draw back: the lenders want proof of the income from the business, and will only accept to look at figures after two years. So, as it is in my case, I appear to have stalled on my path to wealth...
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    Shotgun strategy

    From: Apprentice Millionaire Paul H did a splendid job with his post under the topic of "Some questions???" I pulled out of his post the paragraph about the "Shotgun strategy". And it appeals to me. So I have a few questions, and those of you who apply this strategy may like to reply (and I...
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    January a good month to renew tenants?

    From: Apprentice Millionaire From the thread entitled "Extended vacancy", I understand that it is best to have leases renewed in January, and that July is the worst month. What is it that makes it so? I thought everything went quiet during the summer months, and therefore January would not see...
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    First post on the FAQ forum

    From: Apprentice Millionaire Thanks Mike for creating the first topic in the FAQ forum. It may be because I use Netscape, but all I see when I click on the link in that post is the first post of the topic. One then needs to click on "Entire topic" to get the rest. The following link may be a...
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    Making offers

    From: Apprentice Millionaire I am about to make offers for properties around my area (Melbourne). I remember reading somewhere that it is best to make written offers. So it prompted a few questions: - is it really better to make a written offer? - what are the advantages and disadvantages with...
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    Valuations

    From: Apprentice Millionaire At last, after all the HIH problems have been sorted out, I am settling on my first IP. Valuation was done for the bank, and it came spot on the purchase price. I am told this is good by my contact at the bank. I.e. the valuation could have come lower, I guess...
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    Make money when you buy.

    From: Apprentice Millionaire Paul Zagoridis, in an excellent post, wrote: "Make money when you buy. Realise that cash when you sell." That's something that I have heard many times, and something I believe in. But as a newbie, I still have to learn how to make sure I offer in the right...
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    Level of gearing

    From: Apprentice Millionaire Hi all! I have just finished reading John McGrath's book entitled "You don't have to be born brilliant". Some interesting things, others not so interesting. At the end of his book (on pages 201 and 202 to be precise), he writes: "For most of us, borrowing is an...
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    Blanket statements

    From: Apprentice Millionaire Blanket statements I have heard: "People who buy investment properties in the same postcode in which they live are wasting their money" The latest one I have read from John Fitzgerald (flyer for Untold Wealth seminar): "If you buy a new unit for an investment you...
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    Buying well at auctions

    From: Apprentice Millionaire I have come across a property that may look interesting, and it is up for auction. I was just wondering whether one can buy well at an auction. Obviously the answer will depend on the circumstances, but given a property, if you could buy it by private sale and...
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    Builders Warranty insurance covered by HIH

    From: Apprentice Millionaire Calling experienced investors! The property I am about to settle on has a builders warranty insurance that was with HIH. My solicitor is advising me to hold back on the settlement (delay it) until the policy is picked up by some other insurer. The house is 18...
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    Jim's conveyancing

    From: Apprentice Millionaire I was surprised to see in my local newspaper of the new (to my knowledge) addition to Jim's franchises: Jim's conveyancing. When are we going to see Jim's mortgage brokers? Cheers Apprentice Millionaire (aka Jacques in the old forum)
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    Dishwasher or not?

    From: Apprentice Millionaire I have just bought a near new IP, and in the kitchen, there is a great big gap where one would fit a dishwasher. Rent will be about $225 per week, and I was wondering whether I should fill the gap with a dishwasher, and whether that would help in attracting better...
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    Where to for Number 2 IP?

    From: Apprentice Millionaire I haven't yet settled on my first IP (settling mid May), but I know I must keep my momentum up, and look for the next. My first IP is in Melbourne, and I am wondering whether I should continue researching Melbourne, or whether I should start looking elsewhere? I...
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    Investment Institute seminar: Anna

    From: Apprentice Millionaire Anyone who attended the Investment Institute seminar in Melbourne would have to agree that Anna's testimonial was absolutely fantastic! Good on you, Anna! And congratulations! BTW, the seminar was worth attending. I learned heaps from Dolf De Roos! Cheers...
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    Demographics and such info

    From: Apprentice Millionaire Hi all! Where would I find info on a particular suburb, such as rental vacancy rates, demographics, etc. Michael Yardney spoke at his seminar about building a comfort zone in an area, or what I would call an area of expertise (I actually want to stretch out of my...
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    Be in the market!

    From: Apprentice Millionaire G'day all! All this talk of recession, and people worrying. I learned one thing from this forum: it is more important to be in the market than try to time it! My mortgage broker sent me the little poem I appended below. I don't know the author, but from a...
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