All Forum Posts by: Lawrence H.

hi loel
can you email me I want to have a chat about comm funding
and we have a system that does not require any money down at all and yes the banks will accept it
they do here and I believe and we will soon see if your banks there will also
and I think they will
a bank wishes to know taht it will get paid the moeny it wants its the way you negotiate the deal
and thats why we are comming to you guys from here in Australia
and I think we are going to have fun.
we have done no money down on commercials and resi here
and our major will accept them and they are not option etc as we have used them here as well
haven't seen a US option
but I think ur standard option should work just needs a legal to change for the market there
for me its not the no money done thats our problem
its the refinance and your score system
and if joel has funders thats what I am trying to find.
getting reo to me is not a problem if you give the funder a system or structure of how you want to proceed and if that system shows they can be funded out thats fine
your system does not have a way of proof of funding from here is sydney so we have to do it from there which is a bit harder
but not impossible and we are working on it at the moment so any funders out there email me so we can work out how we do this as for the contract of sale
we have exchanged and settled on $1.00 here not sure again of your sale contracts but it requires here that it has a monitary value it does not say how the settlement amounts are to be supplied
anyone that has comntacts within a reo vendor by all means send me an email
as thats what I am looking for at the moment
I want the LA and san diego areas at this stage.
please don't post the problems or issues with regards to buying property as we are Asutrlian investors and we are buy and hold investors so we understand property investing
and I am on I think 5 or 6 boards here and a few network group just on investing.
we are also not interested in assigning we are straight buy, refinance and hold

hi you can send me an email to add to your list
I am not a bird dogger but am looking for property in your area

hi nicole
I sent you thru a collegue request as i can't find an email

hi I have simple question
if you are making a list of how to find a buyer before you make a list of properties for sale
how do you get on the list of buyers
and also what or how do you give that criteria if you are looking at different areas
and trying to work out returns against value when value changes daily
yes its better to have buyer before you go looking for a seller
but for me there is not alot of difference with what I call a bird dogger as tehy do the same they are given a criteria and they then find a product to that requirement
what I want is a deal that stacks up on the numbers so we can buy
and we want as good if not better then our requirements and you don't get taht from a bird dogger
if there is a list or lister that will bring properties that are as good or better then our requirements and also wil bring to the table deals that are better anbd higher returns
then thats the list I want to be on.
finding product is not the issue its margin,return,value and growth
just selling a list or just giving a list is not alot of use to me
you do have to bring something else to the table
inside running and market knowledge.
also there are heaps of lists and there is heaps of product
yes you need to work with not only ad investor but investor group and syndicates
because they don't buy one house they buy multipuls.
a small syndicate of say 5 people will buy one house and then another and then another until it has min 5 houses in the group.
this is a very small number but a buyer group will buy 100 / 200 houses
and a buyer syndicate is the same they just buy 25 lots of 5 for the hundred houses and those 25 might be five states or 25 states and 5 in each.
I find real estate will sell a property to a group and never follow up on the next deal if you latch into a group network you can cut your commission but do volume.
but with most group if you are not willing to bring some thing to te table you will just sell 1 property as they will find someone else to bring some thing to the table.
for me you need to wrap the deal
you need to do as much as possible to assist the group to get to there goal.
and the list is but one part and not a big part so for me yes find the buyer but also find what they want and try to bring the deal but also the fries and add into it information and knowledge about the are,taxes, charges even an accountant or legal you work with
they may not use them but you have that in your tool box

hi scott
true
but thats the case in any market.
the issue is not price
the issue is value.
you can buy well in any market if you know what you want and you know how or what to buy.
35% discount or 50% discount should not be the only factor when buying but it is a very big driving force if the idea is to hold for the long run
there are many reasons to buy real estate for growth, for return, for a loss( this is not the norm in your market but is in others) and even for retirement to shelve income
so there are lots of reasons.
the problem for long hold investors is looking for income and growth these are a bit hard to judge and even harder when buying into a new are or country
but for me the rules are the same.
do a templet and then duplicate it or mirror it.
and price for me is not a major issue as long as it meeting your templete requrements

hi all
vadim
you need to ask to make me a collegue and I will send you thru what we are looking at doing and we can look at your property no problem

cross wind
very interesting as we are looking at nearly the same except we are using llc in each state and the structure is very similar we have been working on it for about 3 weeks now and its as close to our structures we have here and I think it can work

hi tim
I am learning your banking structures but it seems to be very similar if not the same as ours and yes we do commercial funding or borrowing here so we understand the type of loan system we want to do
and what you call pool loans we call syndicated or umberella loans between lenders so the loans stay in place just a larger bank sits at the top and pools all the different bank loans together under its banner
I am trying at this stage to find out the credit unions and the smaller banks lending criteria mainly for refinance not for purchase
here we have very different lending criteria for refi as against purchase
we do % of purchase price or val which ever is the lesser which is the same there
we have a higher % for a refi and that seems the same there
want I am trying to find out an this will be different for different lenders
how long from purchase can you refi
here for resi its 6 months but for comm its straight away
we are looking at 60 to 70% lvr or what you call lvt.
(t is total in yours r is ratio here)
but the same for calcs
anyone here that has banks that will lend to groups out side of US would be great( I will keep looking)
and for taht matter any lender that wants to lend into Australia again would love that add to my list
oh and time I think we are a very layback group and are very similar system so you will find that the Australian investor is very at home investing in the US
thanks all

hi tom c
what is the min that you can get a loan on these properties
and is there a min
if the purchase is low but the val is relatiely high against purchase price
what is the min to get a loan
and if the val has incrased because of what ever where or what is the guide line number or cut off area
thanks in advance

hi all
does anyone here have a bank or treasury that will do safe keeping receipts for items of 60 to 100k up to 1 mil.
must be held in a solicitor or bank

hi all
i like a bit of banter and thats what boards are for and in aussie we are all for a bit of disagreement thats waht makes us a bit different we can get in and don't mind the odd fight
but with real estate I find that you have three types
one you like and they will submit your offer ( and 80% is way up on my dial I am at 30 to 50% so you are a bit high for me)
the next is the one that work for the vendor ths one you have to sit and have coffee and negotiate a deal( this one I like as this is horse trading at is best)
and then theres the forget it they will offer nothing
so what do you do
simple set the first one after the deal
sit down with the second over a coffee.
and tell both what you want and set them both to go and get it
you don't have dog and chew the bone yourself
you want a deal send people to go and get it its thats simple
and if the number one and the number two you don't think can do the deal and my number ones and two can
the find a new number one and two
I send people after deals in the same office never mind the same state
and anyone that tells me that the buyer is not in command in any market is sorry you are buying in the wrong market.
a person that want to buy a car, a boat, a ship, or a house is a buyer
and if you are a seller you want that person
price is a very different thing
as price is an amount that a buyer and a seller is willing to accept
and for me thats not just money thats a value or a commodity but thats a very different question or post
is your offer low or not acceptable
simple answer
is the vendor going to accept it
if yes no its not to low
if no yes it was to low
its thats simple and
a real estate is just a conduit to a deal
and if a real estaate has problem with that well
they are the same as waiter has a problem with a bad client thats come with the job.
one thing I tell my real estates and a few need to understand from what I have already read is that
investors don't buy one property they buy a few
so if you like investors you make more commissions
if you don't you miss out on commissions
and what pays your wages or your income commissions
my real estaet and I think the ones there will want to not only open doors and give key but open at 12pm if we need to or we will find some one that will.
oh and here my real estate have picked up at 6am and work till 12 pm to do our deals and I expect that from them
so 80% is that unrealstic
is 50% and up til 12pm to do the deal unrealistic
not sure
and yes if the real estate does not find the deal I want I find a real estate that will
real estate need to get an income but they also have to work to get that income and the best way for them to do that is with business and investors
but that just my .002 and Im here in sydney so just looking at your neck of the woods

hi all
do you have asystem to buy old llc companis that are over 2 years old and then the company can be reopened and restart
we can do that with our liquidated companies is there any thing like that in the US
if you buy an asset with a llc and then payout the llc debt and re start the llc does the credit start again or is there platforms so where it ended it restarts
I understand llc just working out how you turbo charge the credit rating for a llc
also can you have allc in say a tax free area and that own a llc in the are to invest so you have what we call a master trust and then trust under
in this case a llc and small llc under.
apart from the paperwork whats the difference of a single llc and say a 5 person llc ( apart from 5 lots of paperwork)
and do most people hold in there own name or llc
we usually hold in silo companies which is the same as your llc
I am interested in llc as it seem sthey are the main corporate entity to hold small bundles or packages of housing is this correct