Thanks Tracey. Good advice. I’m going cold on the idea at the moment. I hear that the market around the country appears to have peaked and that prices will start to decline a little for a while. Nothing drastic, just a little correction. Might be able to pick up some better prices in a few months.
Yes they were new, one off the plan and as well as being an NRAS property. We were brand spanking new to investment at that stage and bought into the second property far too soon. We are expecting some more funds to become available very soon – $12000 to 15000. We were thinking of looking at Launceston or Devonport where it’s possible…[Read more]
Sorry, I didn’t see this message when you posted. We actually have two properties in Qld, one near Ipswich and one in Kingston. We got into them through Park Trent. They are both negatively geared and not doing very well at the moment. The market went down after we bought them. No doubt they’ll be ok in the long term but they’ve made us…[Read more]
In the US it is common to use lease options using little or no funds of your own – especially with sandwich leases. Are arrangements like these used in Australia. If so, how does one go about setting them up?
I have been looking into lease options in the USA. It appears to be very common practice there. However, I recently heard that it can be a very productive strategy here in Australia. Has anyone got any ideas where I could get solid info about the strategy in Australia? O r had any experience?
I have been looking into lease options in the USA. It appears to be very common practice there. However, I recently heard that it can be a very productive here in Australia. Has anyone got any ideas where I could get solid info about the strategy in Australia? O r had any experience?
Hi, I certainly agree that Detroit city is bad news. A reliable source on the ground told me that Detroit city is not only dangerous but that relevant authorities aren’t very active when evicting poor tenants. However, you don’t have to move far out of the city centre, east and north, before the picture changes dramatically and in a very positive…[Read more]
We began with a company called Park Trent. I’d avoid them if I were you. Our properties have underperformed and we found them akward to deal with at times.
Perhaps you might want to consider consulting a couple of different financial advisors and compare advice. A few dollars spent now may save you plenty later.
Steve’s books might…[Read more]
I was told a seminar that North Dakota was exploding because of oil. We were encouraged to invest there. However, the Saudis are unhappy about the USA’s growth in market share. That’s why they are flooding the market at the moment. They’re hoping to drive the fracking (no that’s not an expletive) companies out of the market. If they…[Read more]
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