Ultimately, you could report them for false advertising.  However if you "need" the agent to like you because this property is a cracker deal anyhow, or because you want to be able to talk to the agent often, probably best to leave it alone.

Just highlights why it is so important to visit a property and not just buy something based on an internet…

Hi there

DWolfe is a renovator

https://www.propertyinvesting.com/user/dwolfe

Hi Adam

The mortgaging methodology will be very important.  I'll ping Richard Taylor and ask him to respond to you.

Hi Milton,

Each Buyer's Agent will operate a bit differently depending on the services provided.  Do you have any particular questions?

Hi Amanda

No need for you to upskill yourself to be equivalent to be an accountant.  It is much easier to simply use someone that comes highly recommended who has knocked out bucketloads of SMSF setups that have gone on to purchase property without a hiccup.  You would be surprised how many people decide to let their local accountant who has…[Read more]

Uncle Freckle I reckon you should edit your signature to include your key message   That way it shall be seen each time you post

1991 posts now.  Or should I say 1992 posts, because I am now making this post to honour the occasion hehe.

Fair point biggaz.  As long as the war chest is sufficient to enable you to ride the peaks and troughs, all is well!

Will I anger folks by stating what I figure is the obvious:  that top-end property has the farthest to fall in times of trouble?

Yo Freckle are you saying we should place some bets on how far the Nikkei will fall and make some cash from it that way?

I've used BMT, very happy with them.  I like being able to discuss the property with them over the phone and having them tell me over the phone the minimum depreciation they will be able to find for the property.  I like that a lot.

Don't expend too much energy over-thinking it.  The difference is after all only $100.

As indicated by the others already, insurance etc covers you mostly for such incidents.  Your case is an example of why it is best to have an emergency fund available when you are in the property ownership business.  Just in case a tenant defaults, or a roof needs repair, etc etc

Hi Aus-Vis

$30k will be tricky if you have to pitch in deposit and stamp duty.  Richard Taylor (https://www.propertyinvesting.com/user/qlds007) mentioned the other day he has access to 100% loans on selected properties – which would overcome this hurdle for you.  Perhaps drop him a line.

Yes I specialize in Geelong

Hi Nue

You'll need to do careful planning to ensure tradies are arriving in the correct order. You need to understand how long each tradie requires to do their bit, and whether there needs to be a gap in time in between each tradie.  For instance, after the tiler puts tiles on the floor, you cannot have people walking on them until they have…[Read more]

Hi Bunje,

They definitely exist.  We see them every single day. 

Hi Mikal

They are welcome to put their fees up.  Equally, you are welcome to take your business elsewhere or negotiate with them.  Nobody is forcing you to sign their new agreement. 

You are welcome to put your rent up.  Equally a tenant is welcome to accept the rise, or move out.  As to whether you would get another tenant quickly depeneds on…[Read more]

Hi Jamie

50 vacant rentals sounds like a lot. What population is that spanning? Or perhaps I should ask what is the vacancy rate?

We place our clients into properties in areas with high tenant demand (vacancy rates below 1.5%).

May I ask why the budget is $100k? Plenty of ways around such constraints.

Of course.  People want to buy interstate for reasons such as spreading risk, having a property in a market that is expected to experience high capital growth, or reduction of land tax liability (by not having the entire portfolio in one state).  Australians living overseas but wanting to purchase property in Australia also find BAs very handy…[Read more]

Further to what leaderscorp says, yes, "some documents" are processed for you.  As to whether absolutely everything is handled for you is dependant upon the agreement with the BA.  Generally it's just the acquisition that would be handled.  Nothing to do with arranging building and pest, property management, or anything that involves dealing with…[Read more]