Looks fair to me mate,Your mark ups arent that big. People want something for nothing these days.Engelo

Agreed with Luke,First thing to check is if the structure is sound. If the fire gets through the gyprock ceiling you will likely need a new roof as the rafters and hanging beams might be burnt. If there is any chance of salvaging and rebuilding as long as you buy at the right price you can definetly make money.

Hey Kyler,Love the cheapies mate, I should be in the US around April would be good to catch up and see what your doing first hand. Your doing similar stuff to what my guys are doing in Rochester.Engelo

I go on realestate.com and just search new listings under $300,000. Properties that are run down catch my eye the most. With the places you have mentioned like: Gorokan, Raymond Terrace, Budgewoi, Watanobbi, etc… I think there is good value there. Anything you buy for under $200,000 and give it a tidy up should rent for around $290pw – $300pw.

In my opinion the numbers dont work unless you can get around $600 – $650pw in rent.

It did help mate,Thanks for your reply. I am always interested in getting other peoples opinions.Engelo

No worries Alex,

I’m happy my Rochester and Tampa is also up there

Engelo

Thanks Jay, good write up.

MR H wrote:
Engelo, Wow that is an awesome return, nice work! We are just getting started with this property investing business – would love to pick up some great cf+ properties like that one day! I guess that’s the best thing about this forum, getting to hear what you experienced investors are achieving. Have got 2 units in West Wod…[Read more]

maternic wrote:
thanks for all your input guys, does anyone have any companies that they have worked with and recommend i get in contact with?

Hi Maternic,Shoot an email to engelo10rumora@hotmail.com and I am more than happy to share my experienceEngelo

Alex SC wrote:

engelo10 wrote:
Hi Alex,You're right "Cashflow Is King". Thanks for the heads up.Engelo

Engelo How are you? Yes to me appreciation= speculation and Cash flow = cash Flow .Very simple way of looking at today's real estate market . I do agree some  market will eventually come back. I am  just not sold on the time period e…[Read more]

hahahahahahahaI will

Hi MR HWhat part of Albury are you properties located in? I have one in North Albury. Bought for $100,000 and rents for $200pw.Engelo

Hi Alex,You're right "Cashflow Is King". Thanks for the heads up.Engelo

Hi angelarose,We are having a meeting this Sunday with a group of people that have invested or are intersted in investing in the US. Please email me on engelo10rumora@hotmail.com and I will let you know of the time and place. I dont wish to post it on here as most people have expressed they dont want any spruikers or buyers agents attending.Engelo

jnaumovski wrote:

engelo10 wrote:
Did you look into Taree? You can pick up the housing commision homes for around $80,000 – $90,000 and will rent for $160 – $180pw making then slightly positive after all expenses.

Hi engelo10 – I had a look in Taree (my partner's has family and grew up there so I know the area relatively well) and could not…[Read more]

maternic wrote:
G'day all, I have been browsing through the overseas forums over the last couple of days, and getting very intrested from what ive read.Although I need a point in the right direction regarding purchasing property in America. Basically where do I start? Who do I need to speak to to get more information?  I look forward to hearing…[Read more]

Hi Dark Star,I suggest you look intro Mildura for your first investment property. You can find cheap homes that are yielding around 7%. Rental market is very tight and there are a lot of positives happening for the area. I bought my 1st one there and have done well so far. I own 2 there so far. I think Melbourne is a 5 hour drive from Mildura.…[Read more]

Hi angelarose.Every post reply you receive on this topic you will find someone pushing an area where they have invested or where they get the biggest cut. I will not mention any areas as I think the most important thing is not so much the location but the team you have in place looking after your interest and your investments. Good investments…[Read more]

sam2011 wrote:
there is a simple rule, if you are paying more tax you are probably earning more. I dont know why anyone would try and sell something that everyone else is after

Totally agree with Sam2011,I wish I was paying 1 million in tax as I would also be making 1 million.