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Viewing 9 posts - 1 through 9 (of 9 total)
  • amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    I am a member of Destiny. They practice Margaret Lomas theory which is positive cash flow or close to positive cash flow property. No, they do not sell properties or work as buyers agents. They help property investors with getting their goals right and assist with researching, choosing and buying property. However I did not pay that much to join up back them about 5 years ago. I think I paid less than half of that. I know lot of people who bought multiple properties (10+) with their help.
    Tony

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    According the SQM Research vacancy rate in the area is 0.5%. This is extremely low vacancy rate compare to some other areas and it's amazing you cannot get a tenant. Seems like the data in these web sites are questionable. This scares me to buy in area with high vacancy rates.

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    aaabbbccc,

    I am keen to join this group as well. I sent you an email with me details. Please let me know when you guys getting together next.

    AJ

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    Thanks SAS Building, much appreciated.

    Tony

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    Thanks Hany, much appreciated.
    I was about to pay $40 to buy one online and now I don't have to.

    Cheers!

    Amal

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    Thank you very much for your advise malquisce and Martin(Mystery).

    Special thanks to malquisce since you took time to type all that, you are truly a great helper my friend. I appreciate your advice so much.

     

    Cheers!

     

    amaljaya

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    Thank  you very much for your advise Bundyanimal and GeoffB!

    Since this is my very first development also it is happening in a different state this whole development is going to be very challenging task for me.

    GeoffB, can you please tell me how many times you had to travel to Sydney during your development process. What stages of the development. Also what type of problems you encountered developing in a different state?

    Cheers!

    amaljaya

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    chrisslifierz,

    I don’t know much about subdivision as I am only starting out but if you can answer my question that would be much appreciated.

    I’ve been looking to buy my very first IP in Frankstion, Frankston North and Seaford area for the last couple of months. I feel Frankston is expensive already to look for CF+ properties and Frankston North is the area I should be looking as that area is bit cheap compared to surrounding.

    But I am bit scraed to buy my first IP in Frankston North as everybody says that area has low growth and at the same time you have to deal with difficult tenants in that area.

    Can you please tell me what kind of IPs you own in Frankston North, what the returns like, what’s in demand in that area (houses or units), if you had problems finding tenants for your IPs and if you had probelms with your current tenats?

    Thank you in advance!!!

    Tony

    amaljaya
    Participant
    @amaljaya
    Join Date: 2006
    Post Count: 15

    Good idea!

    I am also a young investor who is looking to buy his first investment property.

    I would be really good to create a club, get-together and exchnage ideas and info.

    I am in!!!

    Tony

Viewing 9 posts - 1 through 9 (of 9 total)