Worth checking ot mate but I think you will find it is of a similar nature to the deal Hilary was offering. Having lived in that area I can gues exactly where that would be and it is more than likely in the caravan park. Not neccesarily a bad thing but as you said a little more due diligence. As to aspley it is by no means a toxic waste dump (no…[Read more]

Which part of Australia are you in Nadine ?? People may be able to give you more direct answers if they know where you come from.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Sorry Nathan you be right I should have read more carefully. Shouldn’t stay up so late……

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Well Done Anna,
Sound slike you got some good deals there .
As to the question of greed a few people raised. This was a deal that the other party was more than happy with. The other person has the choice to either earn -ve returns in the share market or 4-6% in the bank or for a very short term loan (with me) earn 6.7% or an anuallised return of…[Read more]

Hey Sooshie you are more than a midwife to all of us here.
The only poroblem with the maths that I could see is that $230 /2 =$115, so the final number is $115000.
Seems good returns but I would guess there would be a lot of due diligence necessary.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited.…[Read more]

Hey Leigh,
When divided by two the property gives a 10% gross yield. This is a sum that is thought to be sufficient ( in rough calculations) to cover all costs and put money in your pocket. Saying this it is merely step one. For example if you found a property for $85000 that was $20000 under valued and the rent was $160 would you pass it up ???…[Read more]

Steve,
As always great reading. You hve touched on the dream most people have of being able to choose to work less. That should get a few to bit the hook.
I enjoyed the read and look forward to the book.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Proudy,
If they are good tenants maybe be a little creative. Depending on returns, etc…… maybe you could put a kennel in for them without rent change. Offer them an upgrade in their property. For example… I realise you are going to be losing some yard space but I would love to spend $500 on the property. What would you like me to spend…[Read more]

Hey Susie,
keep on looking as there is a solution out there you just have to open the door yet. Sounds like you have the right atitude though you have not let it get you down. Keep on kicking….

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Chi,
Welcome to PI.com[] (as Bruce would say, sorry Bruce I love the tag).

Are you based in the USA ?? There are quite a few good posts about where to begin if you search under such a heading. Quasi has some very good points and I will only add that you should try and continue to educate yourself in this area and even try and find an…[Read more]

C,mon Guys and gals someone must have some good news tales to tell about recent deals……
Share and encourage !!!!!!!

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Quisaimodo,
We’ll have to catch up when you land in the great state again. Let me know when you are back.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

It certainly is Sooshie. Well used to be. She was running for a senate seat in the NSW election the other weekend. Don’t know how she went though. So technically she is no longer Qld’s.
As to youe point Alex. Have a look at some data for that part of town and ask yourself if things have moved already. Talk to the agents and look in their windows…[Read more]

Hey Gerard,
I have heard that PIA from somersoft may do this sort of thing??? Don’t use it myself though.
Hope this helps.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Gerard,
There are a lot of good products out there and the one that I have seen that is good ….
http://www.abr.com.au Anyone else using anything at present ??

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey Jason,
Welcome to the gang. To answer the 11 second question….. Do a search on this site under 11 second solution and you will find some quite detaioled discussion about it. Hope this helps.

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey David,
If you got an independent valuation what would it be worth ??? That is the true value of the property that the bank will care about. Just remember though that if you start getting into ideas of refinancing those deals up then you are starting to skate on thin ice.
For Loan applications and therefore more money all you can use is fair…[Read more]

Hey Hui,

What are you astually after. I can’t follow what you want from the community. Could you clarify a little please ??
Thanks

Enjoy
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(Andrew)

“”Imagination is more important than knowledge. Knowledge is limited. Imagination encircles the world.”
Albert Einstein

Hey C-money,
Welcome to PI.com.
Sounds like you have the right attitude for success. Just remember that when others are saying you can’t then believe in yourself. There are opportunities out there but in this current market they more time and due diligence to make sure they work. Spend the energy and keep on educating yourself so that you can go…[Read more]

Hey TJ,
Mate I understand what you are after but I couldn’t say that there is a fast and safe way to purchase property. IF you know your market well I believe you can jump on a bargain using prior experience. When you are talking about new markets I do not know any way that you can do a quick appraisal that would not sacrifice your Due diligence.…[Read more]