You forgot to add solicitors fees, purchase costs etc. What is the FINAL (all up) price of purchase? You need to know ALL the costs so as to be able to ascertain if it is a worthwhile investment. If they don't charge a finders fee, how do they make their money. Everyone needs to get paid. If they don't charge a fee then it's built into the price.…[Read more]

Is it a conincidence that the 2 positive posts have never posted anything here before? I think not. OK just for some balance here's someone I recommend. You can view the video at this link http://www.youtube.com/watch?v=ZaDK2wwgBeg   They are offering the real deal and pass on the properties at the same price they secure them for with no middle…[Read more]

You mean- should you continue because they sound good as they are $5.5K cheaper? Doesn't AREI charge a fee?Where is the house? What's the overall cost?  what's the reno cost? How long will it take? What's your net cash flow? How much under current market price is it? what's the rental demand? How much rent will you get? How long will it take to…[Read more]

Yep. give it a miss. Buy 2 just outside the gate instead.  Low 200's with $300pw rent. Some a bit cheaper if you want to get your hands dirty.

xdrew wrote:
I personally believe we are well beyond the bottom of the market and heading towards upward movement.Do I need to present proof? Absolutely.The number of properties headed to market for the spring season is still nice and steady.The interest rate is at a level which makes the ratio of borrowed money vs return quite acceptable for a…[Read more]

Road Runner wrote:
Cheers, I didn't know about the changes to the tenancy act. Renting sounds like a good option because the head winds seem to be pointing to a downturn, rather than an upturn.

Depends who you are listening too. I wouldn't bank on it though. There are lots saying Sydney anbd Brisbane are the cities to target at the moment.What…[Read more]

RobbieP wrote:
Thanks guys..What is the best way to go about finding a independent buyers agent? I have targeted a few areas which I'm interested in buying in, so now i need to find buyers agents who deals in these areas.

There are a few that post here and on other forums. Name you target areas. I know a few (depending on your area).

RobbieP…[Read more]

yes!!

Why you would pay off your investment property when you want to upgrade your PPOR is beyond me (or didn't you think you would want to upgrade?). So now you are in a position where, if you want to keep the IP you will have a PPOR loan (non deductable) while the IP is getting no deductions. Really depends on how much you need to borrow after selling…[Read more]

Do you mean a buyers agent? I used a buyers agent to find me a couple. I was on their books but was still actively looking myself. They knew my brief. They found something that was well below market value so I bought it. I was still buying myself also.Decent buyers agents have contacts and can get stuff not listed or get behind the scenes…[Read more]

There is one in Chatswood every 2 months. Here's the link to the Meetup page. You can register there. http://www.meetup.com/sydney-investor/events/16878406/You could also attend seminars (some are free). That is a great way to network and meet people. There's a Think and Grow Rich Property one in 2 weeks in Sydney. You get the whole set of books…[Read more]

Great work. I love the kitchen. I've copied the photo as I have a unit with that same high bit on the back (I hate it). Mine is a brick wall at the back but I can cut that down. So when the tenant moves out it's gone. Thanks!

Depends where you want to live. If prices are high it can put a halt on saving ror your next purchase. If rents are low (ie low yield) then buying an IP first would get you further quicker. If you buy a cheaper property with a high yield you'll not be out of pocket so much so can save quicker. You could buy the PPOR still but a bit later. As…[Read more]

I disagree.Agents aren't stupid (well most of them). They know people will be looking at development potential. Don't stuff around. If you can see it there will be others.Did the advertisement mention development? If so there's no secret. That's how they are marketing it.

Catalyst wrote:

jonesy06 wrote:
MichaelI'm looking to find someone who can look at my financials and give me some good solid advice on how to create wealth for my family for the future.A few years ago I had another investment property but it was eating all of my cash flow and I had no money, so I had to sell it. I finally own my own home and…[Read more]

jonesy06 wrote:
MichaelI'm looking to find someone who can look at my financials and give me some good solid advice on how to create wealth for my family for the future.A few years ago I had another investment property but it was eating all of my cash flow and I had no money, so I had to sell it. I finally own my own home and I have one…[Read more]

Cathy.G wrote:
I am going to an open inspection for a house listed as mortgagee in possession. The house will be auctioned with no reserve in 2 weeks.

  I seriously doubt that. They aren't going to give it away.

Cathy.G wrote:
The pictures on realestate.com.au look like the place is probably structurally ok- build mid 1990's. Someone has…[Read more]

Depends- Did they offer a great price? Do you need a quick sale? If yes and yes negotiate. If not tell them it's a 35 year old property in good condition. Like it or lump it.Or 7 tiles = $200. New sink $200. Give them $400 off. What the heck, give them $1,000. haha.They are in for a hard time if they are trying to buy something with no problems.…[Read more]

mg310 wrote:
Hi all,We have bought a "fixer-upper" about three hours from our home. We have a number of items on the to-do list:-painting (inside and out)-carpets-kitchen flooring-kitchen cabinets-bathroom re-tiling-new fence-internal doors-window coveringsetc Anyhow, as the jobs are varied, and we live a distance away, I was curious whether…[Read more]

Tread VERY carefully. When there is money to be made there are always those out there to make a quick buck. There are some (a lot) of companies that are so overwhelmed with clients they are buying anything.A friend of mine bought off a "reputable" company and had a property empty for 12 months.I have a friend over there buying now and would only…[Read more]