[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 10:23 am

Hi,

I have also considered looking in the Blacktown area.

What is the breakdown of the deal you looking at and how is the cash flow?

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 5:47 am

Hi Nl,

Have you sourced investment properties which are you looking to offload to investers?

I am looking at buying. Feel free to PM for details.

Also, i know many ways in which you can find buyers for your sourced properties

Thanks,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 5:30 am

Hi All,

Talking about doing this 'above the board' and 'ethically'..

If a real estate agent sourced a property from a desparate seller who needed to sell asap. If the property was valued at, lets say, $250 000, but the estate agent said that they could get a buyer for the property alot qucker if the seller accepted an offer of $200 000 (from a potential buyer), would you clasify this as 'ethical' and 'above the board'?

Its not like the estate agent is tricking the seller, the agent is merely stating something obvious i.e lower your price, get the sale done faster.

What you guys think?

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 4:28 am

I had a similar situation for a unit of mine in South Africa.

What the body corporate did is split the total water bill by the number of occupants in the complex. If the water bill was $200 and their were 10 occupants, each occupant in the complex was liable for $20.

If unit A had 5 occupants, the owner was liable for $100, if unit B only had 1 occupant, that owner would only be liable for $10.

This charge could get billed to the occupants of your property.

Make sense.

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 4:23 am

Nothing wroing with that I have done the same in South Africa. Of the 30 properties i bought, i only ever phsycally went into 2 of them.. and some of the properties were located 30 mins drive from my house!

To answer my other questions, how did you go about valuating these properties?

Back home in South Africa, there was 3rd party sofware which would run reports on all the sales data in a specific area and gave you estimated market valuations based on the market, sales history in area, sales price per square meter etc for the specific property in question. This Computer Aided Valuation (CAV) really helped in terms of giving you a idea of a market value.

This report cost about R40, which is about $6.

Do you get anything similar in Australia?

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 3:25 am

Hi,

With the $10 000 Bunnings Credit Card, are you able to access with money for another needs? i.e property purchasing

In South Africa, what I did once is get the maximum amount on my credit card and I actually purchased a property at a real bargain using the funds on my credit card.

You can also use this money to pay for deposits and fees accociated with buying a property with the deal is really good and you dont have the upfront funds to put down a deposit of pay the associated fees.

But beware, this must be done wisely and the repayments required on your Credit card will need to be taken into consideration when evaluating a deal.

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 20, 2011 - 1:00 am

Thanks Paul..

How did you find the course and how long did it take you to complete?

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 19, 2011 - 10:46 pm

Hi Jane,

I have just arrived in Sydney and would be interested in any upcoming seminars / meetings.

How do I go about getting included?

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 19, 2011 - 10:44 pm

Thanks for the information Paul, much appreciated. I will have a chat to Craig.

So after completing the CPP40307 Certificate IV in Property Services (Real Estate), will this allow me to deal in real estate without working under an real estate agency?

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 19, 2011 - 11:54 am

Thanks Anthony,

So by obtaining a Certificate IV in Property (Real Estate) in NSW I will be able to get my Full Estates agents licence even though i have never worked in an estate agency company?

Also, i was also told by the owner of the company offering this course, that in 2012 there a new legislation is coming into place which will allow Real Estate Licence holders in NSW to be able to deal with property nationally and not be restricted to their state.

Is this true?

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

April 19, 2011 - 11:34 am

Hi Anthony,

Thanks for the reply.

Firstly, my posting was on the requirements needed to be able to buy, sell and trade property. By getting my Estates Agents Licence this will give me alot of information on the rules and regulation of the property market in Australia, plus allow me to source my own property and act as an independnt estate agent. 

So.. is there anyone out there who can guide me in terms of getting my Estate Agents Licence?

Anthony, back to your posting.. I have no intention of selling my properties in South Africa, nor do i plan to bringing any large sums of money over to Australia.

I actually dont want to 'rebuild', but rather just 'build' in Australia. I am in no rush, so even if i buy one property, it will be a stepping stone for many more to come.

Look forward to hearing from you guys.

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 13, 2010 - 11:22 am

Hi,

My PMs are turned on: Allow private messages = CHECKED.

Any ideas?

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 12, 2010 - 4:47 am

Hey,

I just wanted to make contacts, share ideas which i have, and perhaps get some advice on investment areas in Australia.

PM me if you are interested.

Thanks,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 12, 2010 - 4:43 am

Thanks,

Then what I guess i'll do is refinance my South African portfolio, then move the money to Australia and use these funds for deposits or to pay for all these other little costs.

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 12, 2010 - 4:40 am

Hi Jamie,

I will be living in NSW, but I wont be limiting my investment area to this state.

What are the rules regarding the Government's First Home Owner Grant in NSW?

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 11, 2010 - 6:36 pm

Keiko, you there? Sent you a PM, would like make contact with you..

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 11, 2010 - 6:30 pm

Hi guys,

With regards to this topic..

Lets say you managed to source a property for $150 000, which is worth $200 000. You agree with the seller that you will offer them  4-5% more, lets say $160 000 BUT the seller is then liable to pay for:

Stamp Duty
Govt fees such as registration of mortgage etc
Building and pest (optional)

This will be stipulated in the Offer To purchase, so nothing is hidden from the bank or attornenys handling the transfer. If you are lucky enough to get a 100% bond, when the funds get distributed by the attorneys, the seller gets his $160 000 LESS all the expenses he agreed to pay you end up buying a property without using any money.

I have structured a few deals like this in South Africa, I was just wondering if you could do the same in Austrlia?

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 11, 2010 - 6:12 pm

Hi,

Is anyone on the forum using RP Data or any similar companies to do their property valuations?

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

December 11, 2010 - 6:10 pm

Hi guys,

Just wanted to let you know I'm back on the forum and looking forward to learning as much as I can about the property market in Australia.

I will be making a permanent move to Australia on the 19th March 2011. My plan it to find a decend IT job (as I'm an IT professional) and get settled, with the intention of building a small property portfolio in Australia.

With this in mind, I would like to get familier with the market, areas, etc. I intend to source my own property deals, so I am going to need the following:

1: Some sort of spreadsheet to evaluate a deal which takes into consideration your rental income, monthly/weekly bond repayments, property expenses etc etc. I currently have a spreadsheet I use to evaluate my South African deals, so I would be keen to see what you guys are using.

2: An Australian Offer to purchase. I currently have my own Offer to Purchase I use in South Africa, but this document obviousy wouldnt be applicable in Australia.

Look fordward to hearing from you guys.

Regards,
Robbie

[RobbiePMember@robbiepJoin Date: 2010Post Count: 108]

August 31, 2010 - 8:19 am

Hi Keiko,

Thanks for the reply.

Im glad to find that there's someone else here who knew where I was coming from in terms of my thinking

Cheers,
Robbie