Take note of Hula Queen. It’s so so true.
Use your search engine. Type in “real estate agents Ballarat” or the town you want. Grab their e-mail addresses, send mass e-mails, you will get replies. We did!!!Recent purchases only:
$50k rent $150.00pw
$52k rent $150.00pw
$53k rent $110.00pwI know how time consuming it is but just don’t give up!!
Cheers big Ears!!! SussHow’s this just gone to Contract on 7 vacant blocks of land inline in regional qld town for $11K each. Have 4 relocatable homes to go straight on them at $30K and $8K on reno per house. Total – $49K. Estimated rent – $155/week.
We have called this one the 7 sec rule because if it takes you any longer to think about it you shouldn’t be in the business.
Cheers Richard
[email protected]There is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
Good stories… any more in victoria ?
[8D]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)Just out of curiosity – to those who have bought cashflow positive property in more ‘rural’ areas…
What condition are the houses in, time wise?
Are they generally old with a lot of non-modern fittings and styles?This seems to be the norm from what I’ve seen on the net (and yes, I can see half of you roll your eyes…), just wondering if this is the state of the majority of homes further out.
Mark
Arty,
Ive just tied up my first deal.
2 houses on the one block devided into 4 flats in rural NSW.
cost $175k current return $390 /wk . the condition of both houses is pretty good with reno costs of less then $5k. Was previously in the one family since built and well looked after.
I use the net to identify areas with good potential then get in the car and drive. I try to target agents that dont have an internet listing in these areas. Have identified a number of areas within about 5 hours drive from home so far.
This property i found when sent bush for work and window shopping as i went about the job.Good luck with the other half..( mine looked at me blankly and said… does that mean i can buy my camera now…)
Cheers
SteveHey susie-langmaid well down they sound great, slowly giving up on WA, looking elsewhere now, any suggestions or are your lips sealed.
Hi Cookster
You say about ready to give up on WA – I’ve only been looking for 1 week and in /around Perth seen 4 deals that beat the 11 second rule ( none yet thet meet the new 7 second rule)
try looking harder or longer- don’t give up.
rgds
CobraCool…….. great info here guy’s and definetly food for thought, makes me realise even though i’ve found some interesting deals i have to try harder.
agree with the fact a lot of good deals don’t make the net, know agents who call clients they know are interested in good deals and quick off the mark.. no waiting for the sale! we just got to get to be those clients.
hula……. canada? is that where you’re deals are?? confused.
minimogul.. living up to your name! inspiring AND susie_longmaid
cobra..well done
Thanks for the boost guy’s..i’ll try harder[
]Barry
Perth WA“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
[
] Hey Cookster,Sorry, lips are sealed, but “think outside the square”
3 x I.P.’s in QLD, 2 x I.P.’s in N.Z.
Remember, if it’s cashflow you’re after it doesn’t really matter what state, country you invest in.
Cheers big Ears!!! Susie.guys- if you are quoting Steve –
it’s the 11 second “SoLUTION” not “RULE”.
Big difference. It’s a way of calculation quickly if the property is going to give you a more than 10.4 percent return.
That’s all.However you say that ‘as a rule if a property fulfills the eleven second solution it is most likely to be cashflow positive.’
As in, likely.! One broken hot water cylinder that year could put your numbers out of whack…!!Hi all,
A huge thanks Arty, (fantastic post) and also all who have related your stories. It is so encouraging to see that these fantastic deals are still being made all around the country.
C’mon all newbie’s let’s get out there so that we can add our success stories to keep this thread running.
Jay
..Arty walks on stage..waves to the crowd..is handed the microphone..and positions himself behind the lectern…”thank you Jay”. [
]Thank you to all replies.. its encouraging to see it is possible to find properties that that are +ve. Its difficult (as you all know) to find a bargain lately.[
]..Arty is carried of by a huge pre-historic bird and is never seen again..[
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)(silence)…..[|)][|)]
..Great now the hall is empty.[|)]
Anymore stories please ?[
]Regards,
Arty.[
]
“Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)Hi Arty
Don’t give up yet.
The big wigs from the forum found hundreds of +ive cashflow deals in NZ in the last couple of weeks. You’ll have to be quick to grab any of these deals though.Damn the Warriors lost. Wait for next year. Roll on the Rugby World Cup.
Regards
Ahhh, Rugby……… Go the WALLABIES!![
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