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it comes to how handy you are, and how many trade people you know. Don’t just look at the profit later ’cause all this profit can end up in the hands of the builder or someone else if you are inexperienced. If for doing nothing you already got 74K profit, I would sell and buy 2 or 3 properties rather than gamble for more and get less specially if they are not in the best location of the city, let someone else take that risk.
cheers
Gio
Sorry for my ignorance, but I am sure will be a short one.
Can you explain what is 20/2/12 technique?Gio
Hey Guys,
You all know that finding +ve CF properties around Brisbane or Ipswich is not easy, they are scarse if any left, you probably will have to go further west to Gatton but not too far to Toowoomba where prices are just like Brisbane. Anyway, in a slow property market I get few too many calls from Real Estate Agents with whom I’ve done business in the past with properties that will paid at least interest rate on the loan, (yield 6.5%) some need renovations others come with tenants in place, and mainly they are good properties with the following characteristics:
1.- Decent Location for capital growth
2.- Good price, and willing to negotiate at more reasonable price than the one originally was advertised, in other words the owners are desperate, in a hurry and willing to negotiate their price. The real estate agents call me because they know I can be serious in a deal and have experience recognizing a good deal. My idea is to “share this information” with interested investors and have some “support to my cause” in the process. In the near future I’d like to become Real Estate Agent and work as an Investors Buyers Agent.Let’s hear your input!
Cheers,
Gio
Gio
