I've found a mob that do all of sydney for pretty cheap, but they specialise in the cityManagement fee – 5.5%Property report – freeQuarterly inspection – freeLetting fee – freestatement fee – freePostage fee – freeLease Prep fee – freeAnnaul statement – freeI've moved one of my city apartments to them 3 months now and they seem pretty decent, i…[Read more]

Thankyou hoppa for your comments. Yes, I’ve found the local papers in the area to be quite cheap. Under $20 per paper for around 3-5 lines. Thanks again.

ian_from_brisbane: They don’t get any cheaper than this down here. There are large pockets of housing commission in this area.

Great thinking Michael!

Thanks for your thoughts guys.

I will vendor finance the property for the sole purpose of improving my cashflow. Other than selling for cash, providing vendor finance is the only way I can see to turn this alligator into something positive. What other ways are there?

I think an asking price of $245,000 at 8% interest over 25 years is very fair.…[Read more]

Hi Mortgage Adviser,

The property is currently untenanted. It would rent out for 170-190 pw.
So you think that the price is too ambitious for Lethbridge Park? The bank was conservative at the time of valuation. Maybe I should lower it? How much do you think?

Why do you want to get rid of it “fast”?
Well I’m very negatively geared and not having…[Read more]