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  1. grossreal

    3% Return per month

    hi redwing did an interview with the mortage manager( the magazine) I think its called with kate about a month ago about using unlisted trusts. haven't seen the colume yet. I have got alot of the 13 mil covered and once the deal is across the line. I will post most of the deal for you to...
  2. grossreal

    3% Return per month

    hi all thought I would post at the end of this post for people that are interested. I have sent it out to my people so I am currently sourcing 13 mil in short term money at 3% for 3 months this is one on one dealing so come back to me. there is nothing to sell or purchase its is straight...
  3. grossreal

    3% Return per month

    hi all yes the example was to explain that all my deals have this profit margin as a min requirement. thefirstbruce lots of people get burnt thats why its called learning the best way to keep kids away from flames is to put there hand close to it and they won't do it again. with risk also...
  4. grossreal

    3% Return per month

    sorry about that and you are not the first to tell me. I am one of those in a hurry and don't worry that much about grammer people I run two mobiles and have two computers on my desk and try to multi task them all and grammer yes is good to gain a very clear understanding but at 45. I think the...
  5. grossreal

    3% Return per month

    yes les should be sorry 7.9 mil because I do it in my head and as a quick check to see if a project works out you become do make these slips on paper lucky for me I certainly don't when a deal is involved but it is an example and its only to explain why a gross realisation lend should be able...
  6. grossreal

    3% Return per month

    Hi Les Not sure where you get the 26.5% profit, the 3% is a 26% profit per annum. The example is just to explain that most construction loans as a min could or should be done as gross realisation lends the only reason that they are not popular is that you have to put more money out at the...
  7. grossreal

    3% Return per month

    hi simon depends the project and if its there ppor and the return is there then stamp duty is a cost but depends the returns there are areas out there that have very good returns on reno's just have to know your market. I own not only [email protected] but also caveatlending.com and I...
  8. grossreal

    3% Return per month

    hi all while we are on the subject of this type of lend what would you think of this type of loan and would there be a market for it. investor a has 45k and finds a property that needs a reno. investor b caveats property lends the money to a to buy property. investor a renos property with...
  9. grossreal

    3% Return per month

    hi all simon I got involved because I used this type of lending and found that it was very profitable for the lender so I started to get involved and was invited to join this group. as for flimsy not really as we don't lend unless we have another property or business other then the one we are...
  10. grossreal

    3% Return per month

    hi Aikido If a caveat is on the site and the developer goes south then you are ( unless you have a second mortgage) a unsecured creditor and the new owner won't honor your lend as I wouldn't. I do caveat lending but I caveat a property of the applyee that is not part of the property they are...
  11. grossreal

    3% Return per month

    Hi all A quick note what you are talking about in this post is either bridging loans or caveat lend they are very similar and yes caveat lending is relatively specialist. I own the email address [email protected] and use it for investors who wish to get involved in caveat lending...
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