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  • Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    Also forgot this is a short term thing where I will repay the loan within 6-7 months

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    don't waiste your time with it is my opinion.My builder did three and never did them again.I also know someone who bought one which the hebel is now cracking.Nothing beats bricks they are proven to last.People usually use hebels on a townhouse.It's your call.I would say it is more expensive after you render it and less durable.

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12
    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    Ok.The contract says 255,000.It also has only his name on it.That’s what I agreed to before he came with the contarct becuase he told me there would be 2 commisions between him and another agent that was supposed to have sold it.But there was no other agent.When he had the contract he lied to me and said that the other agent sold it when there was never another agent.He knew I would have said no to him taking the lot.But I never read the contract when he bought it to me to sign for sale.Later I read his name only and when I asked and confronted him about it he told me he sold it and started abusing me.I said why lie for If you truly desrved it why not tell the truth.That is my argument.But it was also my first house sale so I guess I can only learn.

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    I just finished building a house in point cook and am renting it out.Built for 300k now worth 350k and that is a 3 bed 1 study so 4 bedroom for 350k sounds right to me.There is still alot to come from this area so I would say it is a more long term thing.But there will be a mall with cinema and cafes being built and the beach aint far and melbourne’s best marina with the project being around 200 million to start soon.I also live in neighbouring suburb Altona Meadows.

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    That sounds pretty good.I would love to hear the details of where you bought?

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    I am a painter in Melbourne who will do you a good deal if it aint to far that is unless I can stay there.I am in the western suburbs.0403 262 953.My name is Chris.Cheers

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    you can email me with some info since you haven’t left your real email adress.

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    It all depends where you invest in the U.S I think it is a great place to invest becuase Just recently A guy I know who sources property and I still have the details but unfortunatly sold the property at $50k Aud bring in 43% rent return.Now where can you get that kind of positive cash flow.I must say that was the highest I have seen and the property went fast but usual 24% rental returns on properties $50k Aud is what you can expect in Western New York..That aint netting ofcousre.Like anywhere you take out mangement,rates,water which still leaves exellent cash flow. 90% people rent.

    Profile photo of casscocassco
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    @cassco
    Join Date: 2005
    Post Count: 12

    Hi Peter I have a friend who buys properties in the states and just sourced 23 properties that are being settled in febuary.Also she is trying to get vendor finance which you put down say 20% and pay the vendor on their terms.These properites are roughly 50k Australian with great positive cashflow and tenants and management all in place.I also know another guy who buys all around the states and has properties all the time.If you would like more info and to see the current properties that I have or anyone else interested send me your email adress to [email protected] and I can email you photos of currecnt properties with all their details.My name is Chris and I can also talk to you over the phone and possibly meet as I am in Melbourne.So just send your details and we can take it from there.bye.

Viewing 10 posts - 1 through 10 (of 10 total)