yobbo1 replied to the topic $250K what to do? in the forum Thanks for the input all, 11 years, 5 months ago
Thanks for the input all,
I currently have 2 investment properties already. I have been looking at older duplexes as rick sta also recommends. These I believe give good cash flow and if renovated $ can be added. Also looking at cheaper un renovated houses with "potential".
I used to live in Adelaide so I know about Elizabeth. If i was a little…[Read more]
yobbo1 replied to the topic Electricity during reno in the forum I recently had the power 12 years, 1 month ago
I recently had the power connected for 4 weeks…cost about $56 for electricity all up for reno work.. no biggy!
yobbo1 replied to the topic Confused Australian property investor trying to sell a house in the USA in the forum Overseas Deals 12 years, 1 month ago
Labrador,What area of Phoenix did you buy in? I lived there about 10 years ago and in that time the area went through massive growth.There are some pretty bad neighbourhoods in Phoenix but considering u bought 3 houses for 122k, sounds ok for being only 3 years old. Keep in mind the Americans are a little different in that they expect to have at…[Read more]
yobbo1 replied to the topic Should I take the commission only real estate job as a start? in the forum Help Needed! 12 years, 12 months ago
A buddy of mine worked as a realestate agent in the US during the peak times when properties were selling in hours after going on the market. He was commission only, i think he said he was getting 1.5% or close too it on the sale price. No retainer.. no nothing… not even fuel allowance. He done that gig for 9 months working about 25 hrs a week…[Read more]
yobbo1 replied to the topic Shonky tradesman in the forum Unfortunantly i have already 13 years, 1 month ago
Unfortunantly i have already paid this fella. I'm sure it was his apprentice that was doing the work but that is still no excuse as he should have been supervised and I know he wasn't.thankyou and I know for the next time something like this happens.
yobbo1 replied to the topic Who pays the ‘asking price’? in the forum Help Needed! 13 years, 3 months ago
i would typically offer about 8% below asking price off the original ask price. I have just listed one of my properties for sale and the agent convinced me it was a good idea to put a premium on the house to "try the market". There idea is that there is always some fool out there that doesn't know the true value of a property and will pay a higher…[Read more]
yobbo1 replied to the topic How much can I borrow? Will i get approved? in the forum Finance 14 years, 3 months ago
Here's a little more info. Location is rural NSW. 4 units in the block. One title (non-strata). 2 BR 1 BATH for each unit.I did not include the rental income of the proposed purchase in my online calculations. The online program did not provide that info.