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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of BradleyvonxBradleyvonx
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    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    March 1, 2007 - 7:55 am

    problem with Darwin is the high fees property managers charge, however you are protected from that as DHA have their own deal at 16.5% however they also pay for minor maintenance issues and you have no vacancies.

    Profile photo of BradleyvonxBradleyvonx
    Participant
    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    March 1, 2007 - 7:47 am

    Peter,
    you are totally right, if you think you can’t you can’t.
    If you think you can you can.
    It is as simple as that, once you have the will you will find the ways to your means.
    Have faith, believe, read some proverbs.

    Profile photo of BradleyvonxBradleyvonx
    Participant
    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    March 1, 2007 - 7:41 am

    sorry,
    for example:
    the purchase price ie $200,000 drop the last three zeros therefore giving you $200, double this makes $400.- (per week) which is the rent the property has to fetch to be a good deal.

    Profile photo of BradleyvonxBradleyvonx
    Participant
    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    March 1, 2007 - 7:37 am

    Hi ,
    is this the best thing to do, well that is hard to say as everyones circumstances are different. Have you made a savings, if the answer is yes then it would seem you are in a better position.

    Profile photo of BradleyvonxBradleyvonx
    Participant
    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    March 1, 2007 - 7:31 am

    Just am purchasing another cash flow positive deal, they are still out there. This is a six bedroom house, three bathrooms cost is $250,000 rental return will be approximately $800 per week so a pretty good deal.

    Profile photo of BradleyvonxBradleyvonx
    Participant
    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    March 1, 2007 - 7:25 am

    My two second rule is take away the three zeros at the end, double the amount and that is the rent the property should be earning to be cash flow positive, it works and is faster than the 11 second rule.
    By the way there are still cash flow properties out there.

    Profile photo of BradleyvonxBradleyvonx
    Participant
    @bradleyvonx
    Join Date: 2007
    Post Count: 7
    February 23, 2007 - 2:02 am

    Turnby,
    four weeks ago we purchased a property in Drayton/Darling Heights in Toowoomnba.
    Purchase price was $265,000 current rental income is $610 per week.
    Toowoomba has good growth and infrastructure, main problem is water restrictions dams are down to 18% but many places have water issues.
    I am having a lock at several more properties today, same rental return is expected, probably a bit higher closer to $800 per week.

Viewing 7 posts - 1 through 7 (of 7 total)