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  • Profile photo of robertvrobertv
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    @robertv
    Join Date: 2003
    Post Count: 8
    November 28, 2003 - 4:36 am

    comdom

    sorry to point this out but 8% of 150 is $12…if the tenant then only paid $50 for the next week your fee would be $4…

    Not sure if this is a problem[?][?][?]

    Rob

    Profile photo of robertvrobertv
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    @robertv
    Join Date: 2003
    Post Count: 8
    November 28, 2003 - 4:33 am

    TP

    I have found that you are required to make a small deposit on acceptance of offer – usually around $500-$1000 in my experience then follow up with the 10% within 7 days of finance aprroval (I have this written into the contract).
    I have used a deposit bond for both my ip’s and this has saved me from freeing up cash to cover the deposit. This is particularly useful for long settlements.

    Hoep this helps [:)]

    Cheers
    Rob

    Profile photo of robertvrobertv
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    @robertv
    Join Date: 2003
    Post Count: 8
    November 10, 2003 - 6:58 am

    Hi Bill

    Please include me as well

    [email protected]

    Cheers
    Rob

    Profile photo of robertvrobertv
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    @robertv
    Join Date: 2003
    Post Count: 8
    November 4, 2003 - 2:48 am

    Kay

    I get the feeling that the rising market in SE QLD will continue for awhile yet…

    I bought a unit for 141K – settled in July ’03 – this is now valued at $180-190K

    I also bought a 3 bed house for $255K and in the suburb now you can’t buy a 3 bed under $290 (That’s in three months!!)

    I am a happy investor in SE QLD and looking for more[:)][:)]

    Good luck!

    Rob

    Profile photo of robertvrobertv
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    @robertv
    Join Date: 2003
    Post Count: 8
    November 3, 2003 - 11:52 pm

    Thanks everyone!

    There are some great ideas here – I have only had my ip’s for a short time – three in 4 months so I am still learning the ropes

    Appreciate your input[8D]

    Cheers
    Rob

    Profile photo of robertvrobertv
    Member
    @robertv
    Join Date: 2003
    Post Count: 8
    October 31, 2003 - 6:57 am

    Howdy Fudge111&Broz00

    I am happy to help, please send to:

    [email protected]

    Cheers!

    Profile photo of robertvrobertv
    Member
    @robertv
    Join Date: 2003
    Post Count: 8
    October 29, 2003 - 1:36 am

    Hi Anch

    I currently have 2 ip’s in QLD and am about to place an offer on a property in north WA – it has 4.5 years to go on a guaranteed rental so I think it should be ok – The rental can’t go below what they are signed up for but it can rise – with the future development in the town I think it would be a good investment.

    gross rental yields are fabulous, however, when the guaranteed period runs out I can still rent it to anyone for approx $150 less per week and still enjoy a good income…

    Good luck![:)]

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