I also just remembered, a 2 bedroom unit in an outstanding part part of town (just around the corner from me[] ) for sale for $99000 which is on the net.

So this can be an assignment for you, find it!

BC

I just found one for $92500 about 2.5 hrs from sydney on my first go since reading your post so my advice would be to look at realestate.com.au
BTW 197 other people have also ‘looked’ at this property which makes me think that your search techniques may need improving. Try doing a search on this forum to find other searching resources.

BC

>Hard to raise that sum of cash when you are eating porridge!

He might have to think outside the cell []

BC

How did your sale go?

BC

>So what do people think for us? Should we sell off all we can and jump in asap, or put it off?

It seems to me that house prices wont actually ‘fall’ a significant amount if any, they will just be harder to sell and agents will not be fielding ‘hundreds’ of calls every day from desperate investors.

So for what its worth I would advise you to buy…[Read more]

Just thought I might add a postsript to this particular thread.

http://cobar.yourguide.com.au/detail.asp?class=news&subclass=local&story_id=255245&category=General+News&m=9&y=2003

BC

In my opinion this person got what she asked for, how can you manage a property in Adelaide from Darwin? all to save about 8% in management fees.

Hard but fair.

BC

They choose the job []

I might have been a bit hard on the agent, there are numerous reasons why they have not got back to you, at least if you ring you can find out what is going on. []

BC

I think this is sign of the times, agents have got it too good at the moment. Not too long now and they will have to work for their money again.

In answer to your question ring them NOW, there is a difference between seeming keen and getting on with your (investing) life.

BTW did you put a time limit on your counter offer [?]

BC

It wont take long to show anything around here []

Wasnt this crowd talked about a few weeks ago, and it appeared to have dodgey principles running it[?]

BC

>>I’m not sure about gangs, but the one i’m looking at tomorrow is right next door to a Police station. So i hope this is a positive.

I hope the disgruntled drunk doesnt mistake your place for the Police Station if he decides to fire bomb it. Dont forget insurance []

BC

There is thinking outside square and there is unethical, personally I would put this in the latter catergory.

BC

>>be rest assured that the capital growth of your new investment property will be way ahead of where it would have been..

Yes but for how long[?]

In my opinion, this capital growth is ‘false’, it could be similar to talking up a company’s share price and then dumping them. I sure you would agree this helps no-one, except the first seller.

BC

>and there are many properties in the $50-80k range

Not any more, I hear the back being torn of the SOLD stickers from here []

BC

Arty2003, I think you will find that you only need the 5K to open the account, you can withdraw it the next day , I couldnt find any where that you had to maintain a balance of 5K. Check further if your interested.

BC

allidan, I am in the middle of one at the moment, I have a solictors letter confirming exchange and settlements dates etc etc and there is a paragraph in this letter stating;

‘Please note that you are responsible for taking out all relevant insurances in respect of the property as from the date of settlement or the date of possession if…[Read more]

Fullout, in NSW from exchange of contracts.

BC

>>goodluck in getting anyone to answer you I have been trying to find cashflow areas for a whhikle already and the best answer I get is keep trying.

Sabwal, could you image what would happen if someone gave specific (even general) information on where to buy.[]

The posters on this forum will give excellant general advice as you can see. I think…[Read more]

This is a bit of a crusade of mine, I cannot comprehend that someone would even consider buying a property site unseen, or for that matter from a picture off the internet, (see Sooshies comments re; airbrushing pictures).

If you dont have the means or the time to get to the place in question, find it, IF you are serious. This is not what you…[Read more]