All Forum Posts by: Lawrence H.

send me an email and will discuss we have not looked at tampa but will have a look at your area

hi todd
we are looking at the same problem
we are looking at using credit cards with cirrus
so the solicitor does a direct transfer via our credit cards that have the money deposited into them
the transfering back out is not a huge problem at the moment as we are looking at reinvesting the cashflow back into the market
I am at the moment looking for a funder that will refi properties with foreign investors in the new co company
I am at the moment putting the structure in place which is not an easy job to do

hi all
I know very litttle about US syndication but here we have the 2/20 rule two mil or twenty members before we have to be regulated.
I am looking at a deal in the US right now and there is 5 in that group
with 200k cash to put into the deal
our s are very small syndicates and they are using self managed super funds money
I find the larger investors don't wish to sit with a smaller investor and this requires you to put investors together which are investing similar amounts
we have a few different groups that invest in different areas
we are looking at taking our system to teh US and hopefully a few US investors will invest in australia thru our systems
but we don't market we have investors that come off boards and ask to invest with the group

hi rick
I think your question has two question in one
first has anyone setup a reit
for me the answer is yes
not one but I setup small reits that grow to larger reits and yes the aim is to take them to public listing
here there are very expo to do so we set them up as a syndicate first and reit second once the capital allows
not sure if our model work in the US
second why do you want to do it
the ppp is a way to go but usually the personal people want control and unless its done as a syndicate it hard to control.
what you need to first work out is how much you need and what the returns will be and then work out how to do it
here in aust self managed super funds can the same as your super fund groups and they wish to invest with long term growth
but to get to them you need to be a reit
thats why we invest first with private smsf take it to reit position and then market to the superfunds
not sure if this answers your question
first part is fine yes I can tell you how to setup a reit but it cost around 500 to 600k

hi kyler
couple of things I need to know
which state are you in
I am not sure how it works in the US with regards to funding but here you need to find another funder or you can go to some one like us ( now I will say us in a generic way as we do not operate in the US)
but people like us negotiate with banks or funders to take out the bank loans and you can do that direct as well as long as you can find a negotiatinggroup or company.
if the bank is fore closed thenits the same as if a house is foreclosed just a bit bigger
you are going to see this more in your market and rich what you are talking about I do here in sydney everyday of the week and work out a way of organising funding to come into fund out the finish off and also negotiate out a reduction in the first teir debt to allow for the higher cost of the cash finish off money.
it is a bit specialist but its there in your market
I for one would be very interested in the banks that are falling over
not sure who or how the banks would be held there ours are held by what we call liquidators or receivers and these are the guys I talk to multi time a week for different deals.
if the bank is to be resold or rebirthed then the only asset of the bank is the loan book.
what size of bank is this you are talking about is it a regional a community or major if you wish pm me or send me an email so I can disuss or send to rich and he can on forward to me.

do these numbers include the comm thats comming on line in december
and I think thats at 3 tril give or take a tril
if you think that you have had a soft landing
I think you have only just gone thru a bit of turbulance at this stage
and the wheels ar not done on the plane yet
so do you get them down or are you going to crash not sure yet
but interesting times ahead

I sent a note to add me as a collegue so we can discuss property in san diego

hi ivan
this is a very good view
instead of focusing on why you can't do something, focus on figuring out how can you.
but also remember focus on first on making sure its ethical, the deal is right for all concerned.
and that no one walks away from the deal think I just got scr-wed you can walk away thinking I lost this or that but if the person or company thinks they got scr-wed
then there is somethig wrong with the deal.
and here another bit of advice
if that RE is willing to do the above they also are abit dodgy in my books and I woudl take a wide berth from them as well
in this market with tapes left right and center
your market just had jan to march a 75% increase in foreclosures per my info
with funder wanting to sell product
why do dodgy stuff.
your market is the best at the moment and its about to get worse from my info again
so why do this type of deal
if you want to win in a falling or a fallen market you really want to get on the side of the funders not the offside
and
focus on figuring out how can you do as you think

hi
we will have to differ with regards to core values but I do like to hear or try to understand other investors view
for me it has very little to do a lender taking a hit
for me this is not the point and a few have already said its the issue of gain you can't sign some thing get the person taht you have sign to take a loss tell them you are not getting a gain and you are.
and I will tell you why this is the most important part of investing and I will say this not only as an investor but a person that invests with other investors in a syndicate
I and I dont say this as a norm on a board but when I invest with a investors and we make a profit we join in that profit if we make a loss thou we don't wish to make a loss we share that loss
I would have a big problem or my co investors would have a big problem and I could get shot froma few if they made a loss and I made a gain or the took a bigger loss them me because I did a slight of hand as you describe
and were is the similarities here
the funder is you partner
they are as much your partner as my co investors are my partner
my investor put up money or equity
the bank or funder put up your vendors money in the form of a mortgage to me its the same
I do not say well my investors can take a bit and I will do a dodgy deal over here and make a bit on the side
why because I would very quickly loose my investors
that business.
a funder is that he is funding you me and other investors they are not some get them while you can.
your coach or mentor would in my view do better to explain this to you
if you are going to use a mentor for me ethics in business is the number one rule and do unto others as you want them to do unto you
this is rule number 1
and for me if I invest with some one and they said to me or did unto me as you have suggested there time in my syndicates would be a very short lived and they would not be asked back but again thats me.
mentors or coachs are for training and so are boards
and I think you should heed a few people views on the post you have posted
as is it legal don't know
is it ethical for me no
but for me the answer you have given to me so far tells me that we have a very different opinion and as such If I have a different opinion I just say we have to differ on that point and move on

hi ivan
I can only give you one piece of advice
if you think its fraud and you are willing to do that you can find lots of ways around and getting the deal done
the question for me are you willing or wanting to do that.
the most important thing in busiess and really the only thing in business is your own intergretty so if you are will to accept a deal that on the face of it would for me damage mine I would not do the deal
legal or illegal
even deals that are legal that damage that respect I would not do
because at the end of the day no matter how many deals I do
that respect or that reference of clients or even agents is some thing that i want.
so for me is this dodgy as I say and is it going to damage my core values
and if this one does not yours it does mine
but that just me
if you are going to try to undercut a mortgagee or funder is going to the heart of investing
the person group or company that you are undercutting is the same group I have to try to find funding from.
a bank can and does make a loss and they sell at a discount.
but it make the job of a negotiator hell of alot harder to do when things like above turn up as funder think that these are not arms length transactions.
so for me if the property was going to you and only you and the vendor was getting zip thats fine by me.
as soon as you get to giving money back and not disclosing to a funder that will come back to bite you not the vendor on the rear end
as you will want funding at some stage in your live and funders don't like that sort of this and tahts why I say in all your dealing my view is honesty is the best policy