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  1. #141
    Join Date
    Apr 2009
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    909

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    HOW? By asking the vendor.
    Have you got the balls to even do that? If you can't get past that then there's no hope.

    WHERE? Anywhere where there are vendors.
    Hey Davo don't expect it on Facebook. I remind you again.... it's not handed out on a plate.

    You say it can't be done yet you've never even attempted it. Sounds typical don't worry.

  2. #142
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,296

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    Same thing you've been saying all along. Again.

    I call BS.
    Squadly dinky do!

  3. #143
    Join Date
    Apr 2009
    Posts
    909

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    You're free to think what you like.

    How about Friedlande, Krukziener, Jones.... do you think the likes of them only use their savings and a loan from Kiwibank?

  4. #144
    Join Date
    Apr 2009
    Posts
    909

    Default

    And I suppose you're still stuck on your one deal Papakura?

  5. #145
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,296

    Default

    Quote Originally Posted by DaveW View Post
    You're free to think what you like.

    How about Friedlande, Krukziener, Jones.... do you think the likes of them only use their savings and a loan from Kiwibank?
    Yes Bob Jones asks the vendors for money, crying poor.

    Krukzeiner would, he would need it I'd think.

    Dunno about Friedlander.

    Are you comparing yourself with those guys?
    Squadly dinky do!

  6. #146
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,296

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    Quote Originally Posted by DaveW View Post
    And I suppose you're still stuck on your one deal Papakura?
    Done a few since then thanks.

    Not the literally hundreds of deals you've done obviously. You must be up to what, 800 purchases by now? 600 with vendor finance or higher?
    Squadly dinky do!

  7. #147
    Join Date
    Apr 2009
    Posts
    909

    Default

    Quote Originally Posted by Davo36 View Post
    Yes Bob Jones asks the vendors for money, crying poor.

    Krukzeiner would, he would need it I'd think.

    Dunno about Friedlander.

    Are you comparing yourself with those guys?
    Good God it looks like you're saying vendor finance might be possible Again.

  8. #148
    Join Date
    Sep 2007
    Location
    Auckland
    Posts
    8,296

    Default

    Quote Originally Posted by DaveW View Post
    Good God it looks like you're saying vendor finance might be possible Again.
    Well I didn't say it in that bit you quoted, but I've always said this.

    I'm sure it used to be quite common.

    But I think nowadays it's very uncommon, perhaps almost never happening at all.
    Squadly dinky do!

  9. #149
    Join Date
    Apr 2009
    Posts
    909

    Default

    Quote Originally Posted by Davo36 View Post
    Well I didn't say it in that bit you quoted, but I've always said this.

    I'm sure it used to be quite common.

    But I think nowadays it's very uncommon, perhaps almost never happening at all.

    Nope. Many vendors are willing to give terms because in todays market they are getting their price.

    What would the vendors otherwise do with all that equity?... put it in the bank at 3% less tax?

  10. #150
    Join Date
    Apr 2009
    Posts
    909

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    Quote Originally Posted by Davo36 View Post
    Done a few since then thanks.

    Not the literally hundreds of deals you've done obviously. You must be up to what, 800 purchases by now? 600 with vendor finance or higher?
    No after 2 years or so the vendor finance is usually then converted to bank finance.

    I see now where your thinking is wrong. The original post was how to finance to buy commercial property. I only buy good quality with ADD VALUE. By the time the value has been added then refinance with bank.

    This is what I was implying when I said your net worth will grow very quickly.

    It's also what I meant when I asked what would you do with say $300k.


 

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