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  • Profile photo of carmen_cccarmen_cc
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    @carmen_cc
    Join Date: 2003
    Post Count: 6
    October 1, 2003 - 6:19 am

    I am very interested in it too.
    Can I be notified by email:
    [email protected]

    I am looking forward to it

    Carmen

    Profile photo of carmen_cccarmen_cc
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    @carmen_cc
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    August 27, 2003 - 11:18 pm

    Thanks, everyone – Melanie,Stuart,suzieq,picja1, and Sach for the good idea.

    Carmen

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    @carmen_cc
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    August 27, 2003 - 6:29 am

    I’ve looked in that area just last week. Almost all the properties been sold out.

    Carmen

    Profile photo of carmen_cccarmen_cc
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    @carmen_cc
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    August 27, 2003 - 2:26 am

    Thank you, McDeyess.
    I’ve sort of got some idea about this.

    Carmen

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    @carmen_cc
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    August 26, 2003 - 5:04 am

    Thank you, Tas.
    You are right. It is building inspection before I sign the contract.
    The purpose is to find out the construction problem, termite problem etc.

    Carmen

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    @carmen_cc
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    August 15, 2003 - 12:16 am

    Hi Michael,

    Is it possible to tell me where you found these properties — roughly which area? Cos I haven’t found any.

    Carmen

    quote:

    Yep, country NSW. 2 x 1/4 acre blocks, one with a dwelling, price is $4,000, rent is $60pw.

    $3,120 / $4,000 = 78% ROI or COC. Father died, son doesn’t want it. Yes, some repairs, but being owner-builders with all the gear, it’s not a big deal for us.

    Two other IPs, not quite as good, but more the norm:

    Country NSW, 1/4 acre with dwelling $60,000, rent is $130. ROI = 11%, or COC (20% dep) = 56%.

    Country NSW, 1/2 acre with dwelling $55,000, rent $130. ROI = 12%, or COC (20% dep) = 61%.

    (Unfortunately we had to give this last one up because of the friggin wankers at St George taking 11 weeks for finance. I’ve stopped looking until our “new” finance arrangements have come through).

    Michael

Viewing 6 posts - 1 through 6 (of 6 total)