Forum Replies Created
hi
common trick to squeeeeeeze every penny out of you if its private sale most likely 10% auction could be differant from personal experiance, went to auction about 12mnths ago house was advertised for 500k+ sold for 670K but hey does not mean you cant offer 290K regards crispy[biggrin]sorry didnt read your last post YOU MUST OF LOOKED IN YOUR MELWAY and gone for a walk through the new frankston shopping centre. CONGRATULATIONS ON YOUR FRANKSTON PURCHASE!!!!!!!!!!!!!!!!! and stay away from GANG denong regards CRISPY[thumbsupanim]
Hi NP
To add my two cents, personally i INVEST IN FRANKSTON and in response to LA AUSSIE in your earlier responses WELL, 3 out 5 ip i have are actually in FRANKSTON NORTH (THE PINES)and i live locally and no the area is NOT a crime central or a drug and welfare haven as described by LA AUSSIE (well maby 15 years ago might have been) mater of fact brother in law lives in DANDENONG NORTH (personal opinion) dont buy there he is having trouble selling his house there as couple of houses on his street were set on fire few months back and i have peronally seen on couple occasions people over dosing on drugs there in the middle of the day. Oh yeah and open your melways and compare whats closer to water that should help you decide where to invest [strum]regards crispyhi wriggles
I’ll keep it short, hope this helps to make your mind up?
i invest in property (or do buisness with) 2 people
1/ My wife because i sleep with her.
2/ the bank because its very clinical.good luck from crispy.[sleepyanim]
MATE nothing wrong with renting to friends, 2 out of 4 IP i have are rented to friend of mine, never have any problems with rent as they work with me,save money on agent fees no problems with access to property just make sure u lay YOUR CARDS ON TABLE FROM DAY ONE fill in appropriate paper work get bond, and in regards to INSPECTIONS just pop in for a coffee its just a nicer way of delling with your friend NOTHER ADVANTAGE u know what day they get payed on. good luck [thumbsupanim]
hi adrian078
why dont you start looking around your own saburb/town sometimes thats the easiest way as u know how much property sales for, rents etc…[biggrin] thats how i started a few years ago, matter of fact still am, [biggrin] good luckHi Tony
personally i thik u doing the right thing by looking in Frankston as its propably the only area which is underratted by many especially Frankston north which is still part of Bayside and has so much to offer just open your melway. Frankston infestructure is changing they spending a lot of money on the area parks, schools, transport, shopping centres, beach, its all here and its all within walking distance or 5min drive thats why i put my money where my mouth is, and so far the area been going up in price not down and regarding people who say bad things about F,North they the people that will not afford to buy here in the next few years look at areas like moorabbin, highett, oakleigh, bentleigh, ashburton etc.. people used to say thing about those areas too.
U get many young families moving into F,NORTH doing up their houses, its changed heaps in the last 4 years that i have been here, many of the Housing Comision homes been auctioned off and alot of the colourfull characters (which u get in all saburbs)are moving further out all my IP’s are BV 3bed on good size block returning between 190-210 per week not sure about units as im about to find out on my own skin shortly. Stay away from the concrete (CAVES) as i call them they are only good for bulldozing.go for standard brick house,on good block.
at start of year houses in F,NORTH broke the 200k, recently two houses on my street sold for 219k and the other for 210 but u can still buy for 170k-180k regarding tenants so far so good never had problems they all pay rent on time if late maby couple days after all we are humans and with finding them is no prbs either the longest i ever waited was 3weeks, to get good return on property like anywhere alse polish floor boards slop some paint maby improve bathroom kitchen by tilling floors and walls PLUS i come out and do the mowing once a month for free for my tenants makes them feel special and i get to keep an eye out on my IP’S i hope that helps u with your search good luck.
