foundation wrote:
jutaylor wrote:
I am struggling with finding a 3rd party to purchase a couple of properties in the UK and buyersagent.com.au seem to be speaking a lot of sense and have a reasonable fee. Has anyone used them on the forum? Was the experience positive etc? Anyone have any views? I need to do some more investigating but any thoughts would be appreciated. Thanks heaps. Julian
Haven't "used him", but he certainly doesn't speak "a lot of sense". Refer to the post below for everything you need to know (and note he has not even bothered to respond to my questions). Simple answer: I'd steer well clear of buyersagent.com.au.
https://www.propertyinvesting.com/forums/property-investing/general-property/4322220
Perhaps if you ask the simple questions (like – have you ever done this before), we'll get a response…
Cheers, F. [cowboy2]
Dear Investors,
Firstly I said UP to 25% to 75% per quarter, not 25% to 75% every quarter.
By studying market indicators and other factors you can predict the market to a certain extent, this combined with heavy negotiating it is possible to achieve what I have described.
If you purchase a property well under market or bank valuation combined with a boom in the market you buy into it is possible to achieve 25% to 75% IN A GIVEN QUARTER.
For example, the house I live in today was on the market in for $219,000 and I was able to negotiate the price to $165,000, within 3 months due to buying under market value and the area experiencing a boom we had the property re-evaluated $281,000.
For that given quarter we experienced 70.3% growth.
To illustrate how this calculation has been reached.
Purchase Price: $165,000
Re-evaluation Price: $281,000 (within 3 months)
Total gross gain: $116,000
Percentage of Calculation as follows:
$116,000 times by 100 divided by $165,000 = 70.3% growth.
Whilst I agree this is not the norm, what I can tell you is that it is possible providing you find someone who is motivated to sell for well under market value and you are buying at the right time in the market (i.e. before or during a boom)
What I can tell you for a fact is that every property our clients purchased in 2005 in places such as Kalgoorlie and Mount Isa have at least doubled in value within a 12 month period which is growth of 25% per quarter on average during that time.
Furthermore, we have clients buying houses in regional America for $10,000 which return 25% per annum.
Kind Regards,
Mark Leith
Property Advocate
Global Buyers Agent
http://www.buyersagent.com.au
