i had a chance to pick up half of Spalding and Utakarra for $13k a block - but again, banks....
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Not sure.... I don't think 10% under value would fit, maybe 20%+ would.
I was hoping that posters could tell us what deals they have done that are deals of a lifetime to help others recognise them.
Also that deals they come across, but have to walk away from for some reason, could be posted here for the benefit of others.
That's what its all about,without stability you have nothing.I married my sweetheart. Does that count?
Sorry mate!Yep they were around the 70k mark , but they are not worth 300k plus (I wish) more like 190-270k currently but yeah they have been great deals, rents were around the $120 plus back then now getting $220 - $300 a week per house.
Ours came April 2009.
We purchased a 4 bedroom house on almost 3 acres.
A couple of years back someone posted The Investor's Lament - I have tried to search for it but to no avail.
The Lament says it all - the deals we should have done.
In our dining room we have this on the wall, where we can all see it at least once each day:
Labor is prior to, and independent of, capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration. Capital has its rights, which are as worthy of protection as any other rights.
kathryn, How Much Did You Pay For It If You Don't Mind Me Asking?
i had a chance to pick up half of Spalding and Utakarra for $13k a block - but again, banks....
Some SSers often quote the the deal of a lifetime comes up frequently.
If this is the case, then perhaps people could post in this thread the once in a lifetime deals they come across.
buying silver at $11 an ounce less than 2 years ago .. silver today $22
Hey Propertunity, great thread you posted.
I think many a rich man could tell stories about Banks and others not having the confidence to allow individuals the finance they need to complete that deal of a lifetime.
But on another note, regarding the group of investors you mentioned that bought the acreage and developed it. Is there a particular way that people get involved with others to take on a larger project such as this other than through word of mouth.
I know there are plenty of spruikers around, but there must be enough investors on this forum to gather the numbers needed to pursue deals at the bigger end of town rather than allow others to get in?
Would you yourself be interested in a group deal or does that not align with your own strategy. If not, why?
Cheers.
I always enjoy reading your threads.
Pango.
Hey Propertunity, great thread you posted.
I think many a rich man could tell stories about Banks and others not having the confidence to allow individuals the finance they need to complete that deal of a lifetime.
But on another note, regarding the group of investors you mentioned that bought the acreage and developed it. .