FPI

Deals i find…

Deals

I find deals all the time. Sometimes i want to buy them sometimes i don’t. It’s good retail therapy. In this section when i find a deal from time to time I’m going to document it with photos and my idea of what could be done with the site to add value and or turn it into a profit making investment.

I will add photos and blog post discussions about the deals. So if your a realist and want to cut through all the bullshit and get down to the dirty to discuss real deals then this is the place to do it. I have a little quote that airs in the quote widget of this site.

The difference between imagination and reality is two very different things. Dreamers that don’t take action will not experience success.

The reason i say that is because time and time again i see people that see… think…. talk about real estate renovating, buying or whatever and all these houses to invest for there financial future. But they do not do what transforms them from the learning concept stage when their thinking up and the dreaming of what they want to achieve and they do not take the action. The reality of how difficult it actually is is what suddenly they slip back into the thinking… talking… dreaming stage again and this keeps them in the thinking dreaming talking stage. A lot of people stay there and don;t get out of their. I’m so convinced that i think it’s 90% of people. Post to tell me what you think?

But also those that do cross the line over to reality identify with this quote because when they are there they realize that the thinkings you think up and the reality of what really happens once you do real deals and meet real agents and are in the real game that the things you learn make it far different from what you were thinking when you were dreaming.

I don’t always have the money to fund another deal. I’ve got a renovation project on the go and another one in the pipeline. But part of being an investor and enjoying looking at and doing the due diligence on a deal is something I’m just motivated to do. I enjoy the creative side of thinking through all the possibilities on any particular site.  Every house or site has it’s own circumstances and you build a story line around the site and when all the variables click in your mind you know it could be a go ahead.

There is many things that trip up the sites potential. Such as it being to highly priced or can not be sub divided or you can not get long settlement terms, council won’t allow to build over easements. The vendor might not accept the price you want to get the deal at to make it worth while. And you can’t tell these variables until you get deeper into the deal and start negotiating for real with the agent and or vendor.  Every deal has to go deeper into investigations as things can and do go wrong and they go wrong often. Extensive  search has to go into each deal once they get past even being put in this web site.

I do not go to the trouble of going into the serious buy stage for the research in these deals until there is a serous amount of finance that i know i can get personally myself to know myself that i could actually go ahead with another deal.

This site only launched January 2009 so it will be unfolding and filling up as 2009 goes on.

I know of a Commercial Office with a solid secure government lease with the tenant paying all outgoings and recently refurnished in 2007 returning a positive cash flow of $1531 per week in your pocket and or $79,621.00 per year. Not bad just for investing in something. It will take you a while to be able to get the finances for this one. They are asking $1,850,000 This one is for the cashed up big boys.

I’ve seen four smaller positive cashflow deals recently in the range of 100k-200k that need creative applications put on them to creatively turn them into positive cashflow and some hard work put in as well but the rewards would be there in rental returns once completed. One in particular was the best i’ve seen in a while. But two of them i think are worth while.

One of the others is very much worth while but would take more time and effort but would pay off handsomely. About 180 positive cashflow per week. Not bad. Approximate deal time would be 12 months.