Finding potential properties online

Hi Ben

Welcome to the forum.

The majority of properties would end up on these websites. The few properties that don’t are generally snapped up by investors/buyers agents who have built rapport with local REAs who have stock that they’ve been instructed to sell quickly for whatever reason.

Cheers

Jamie

Sometimes everything is not stated in the advertising. Better to be on the ground.

One I was not going to look at as it didn't seem like something I was looking for as the ad said very little and photos were bad. But ended up looking and it had a new extension on the back (brick) that was big enough to divide into a second living area and extra bedroom. Only 1 other person bidding at the auction. It looked REALLY ugly inside but after a $14K reno (5 weeks of elbow grease) it was valued at $70K more and with a 7.6% yield. NICE!!! 

The best thing that an agent can do for an investor who is trying to add value to a property is mis-advertise a vendor's property or not cover its true potential in the advertisement. Sure its not working in the vendor's best interests, but as an investor .. is that MY problem???

I've had agents write about how the house 'needs love' and its an ideal 'fixer upper'. And they fail to put the fact its on a nice chunky 640m2 right in the middle of everything !!! Miscategorised Investment properties .. stuck in the 'houses' section where no investor will see it …. if its been on the market a while .. negotiation to a lower price .. is your best friend.

The other thing to remember is that if you see it on an internet site .. unless its incredibly mis-categorised .. someone else will have seen it as well. Dont be afraid to jump in and ask the right questions. Because the wrong answers can save your pocketbook from substantial and unneccesary loss.

Jamie, I checked your site and thats a great resource.. Thanks for sharing

I also use, onthehouse.com.au and investsmart.com.au (not sure if they are mentioned elsewhere?)

I wouldnt rely solely on the info but its good to help assess initially.. Free too!

Cheers

Darcy

Hi Ben,

From my experience, the best property deals do not hit the market and are not advertised as these are usually bought through a private sale direct with the vendor via word-of-mouth. If you are going to  buy through a real estate agent, it is a numbers game and you might need to put in a number of offers and be prepared to walk away if they do not
meet your price point. We have been buying properties for 12 years and we have always bought on the proviso that you make money when you buy and that is why we buy extremely well.  http://www.onthehouse.com.au as you mentioned is a great free resource that gives you heaps of information on properties that are currently on the market.

In what geographical area are you considering purchasing your investment property?

All the best in your endeavours to buy a great investment property.

Sherry

Nathan's Deal finder is not a search tool. It's a buyers agent setup. You pay for it and have access to Nathan's deals.
I like the Real Estate Investor program but have not paid for it. It does make it easier to search for what you want. Rather than by suburb.

In reality that's what real Estate and Domain should do.