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  • Dean@Massiveaction
    Giving life my best shot
    • Jun 2005
    • 5213

    #16
    I wish you well with your investing Monid but as I have said here and in many other places this is no way to secure great deals. I would have lost over 3 million dollars worth of my current portfolio if I had done as you suggest. You must get them under contract, then do your due diligence. The only exception is in a slump or with high end property where there is no competition.
    Telling yourself a "story" that vendors won't accept DD clauses is simply that, a story.
    As my website says I recommend using the purchasers condition version of DD, vendors and agents haven't heard of it and happily sign it.
    As DD costs money these days to even view council files I STRONGLY recommend to everybody to get a signature before you waste time on DD.
    Last edited by Dean@Massiveaction; 30-10-2006, 05:06 PM.

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    • Heg
      Fanatical
      • Jul 2005
      • 1309

      #17
      If you DID end up with all 9 properties under contract at such a great price, then you could always make some money by assigning them to other investors......
      Jo Birch
      Looking for someone to manage your next project or event? Then call now!
      +61 450 148 678

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