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  • Profile photo of usmicusmic
    Participant
    @usmic
    Join Date: 2012
    Post Count: 12
    March 10, 2015 - 9:17 pm

    They say they are buying these developments in bulk. This is how they are negotiating the discount…

    Profile photo of usmicusmic
    Participant
    @usmic
    Join Date: 2012
    Post Count: 12
    July 14, 2012 - 2:41 am

    Valid points, v8ghia. I was hoping that the $1800 remaining after repayments would cover most of the costs of the property (council and water rates). I don’t plan on getting a property manager while I only have one property so that can be a saving. I will probably end up using a few hundred $ from my own pocket for repairs or any unseen costs but I don’t mind doing that for a year, as I plan on doing some renovations and increasing rent after a year (hopefully making it cash-flow positive). Also, I am currently saving the deposit for a property, I wont need a loan for that :)

    Profile photo of usmicusmic
    Participant
    @usmic
    Join Date: 2012
    Post Count: 12
    June 24, 2012 - 7:42 am

    Hi Michelle,
    I’ve tried using the 1 percent rule on properties listed on real-estate.com. The properties listed for sale never actually display the rent that they could go for, in which case I look for similar properties in the area and try to estimate the amount that I could rent it out for. Is this how you are using the rule too? I can’t seem to find any properties that have an ROI above 5%…

    Profile photo of usmicusmic
    Participant
    @usmic
    Join Date: 2012
    Post Count: 12
    June 22, 2012 - 8:52 am

    Hey, I’m in Werribee (in Melbourne’s west). Look forward to hearing from you.

    Profile photo of usmicusmic
    Participant
    @usmic
    Join Date: 2012
    Post Count: 12
    June 22, 2012 - 7:19 am

    Hi Nikolai, I’m also in the same boat as you! Young and ready to learn everything about property investing. PM if you are interested in a chat.

    Profile photo of usmicusmic
    Participant
    @usmic
    Join Date: 2012
    Post Count: 12
    June 16, 2012 - 12:23 pm

    Thanks Xdrew! Just realised how much research is ahead of me. I’ve only just started working so I do have quiet a bit of time before I have enough money saved for a deposit. Hopefully my first IP will be purchased end of next year (if the market is right). Thanks again!

Viewing 6 posts - 1 through 6 (of 6 total)