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by Ray Jamieson
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l and above board. It is also standard real estate practice, but vested interests in the game would sometimes rather you didn’t know these things, as they have their own agenda and formula they work to. Once you get “outside the box” they think you belong in, it makes them uncomfortable and they lose control of the deal. That’s not good for them.
Just a point on being in control: If someone else is controlling the deal, to whose advantage do you think they structure it to?
Themselves, of course! However, it is possible to have a win/win/win situation. These are 6 ways you can do that.
Firstly, let’s set a yield guideline to follow as we work through. If you were a property owner, residential or commercial property, what is a reasonable return on investment that you would expect? At the end of the year, your accountant says you made X% yield last year from your real estate investments, what was that percentage return for you? ……………%
If someone NETTS 7% they are doing very well. Some properties do more, most do less, and rely on eventual capital gains to realise a profit. But let’s be generous. Let’s allow that someone might be making 7% from their property after costs. Is that OK?
(We had one person in a seminar in Brisbane claim to be making 10% nett on his investments, but he went home and did the calculations and rang to apologise. One was in fact yielding 10% but two others were dragging his yield overall down to a poor negative result! It pays to keep track of things like that!)
With residenti |
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