Forums / Property Investing / General Property / Selling portfolio of 9 investment properties

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  • Profile photo of InvestoraustInvestoraust
    Member
    @investoraust
    Join Date: 2012
    Post Count: 1

    Does anyone know an agent /broker  that specializes in selling a portfolio of 9 investment properties in NSW Australia. These properties are mostly based in mining towns and I currently recieve just over 95k per annum in rental income from these properties. All have been renovated with paint, carpets air cond and blinds.  Some have been been given new kitchen and bathrooms aswell. 

    Seeking offers over $2,200,000

    Inbox me

    Thanks

    Profile photo of N@than[email protected]
    Participant
    @n-than
    Join Date: 2010
    Post Count: 241

    For a portfolio that is mostly based in mining towns why is your yield so low!?? Doesn't sound enticing at all sorry!

    Profile photo of Scott No MatesScott No Mates
    Participant
    @scott-no-mates
    Join Date: 2005
    Post Count: 3,850

    I'd suggest Burgess Rawson but not sure if they would touch residential.

    Profile photo of jmsracheljmsrachel
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    @jmsrachel
    Join Date: 2012
    Post Count: 711

    Might be easier selling them separately? Is there an advantage selling them as a portfolio?

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    I'm sure every REA in NSW will tell you there an expert at selling properties! 

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,190
    For a portfolio that is mostly based in mining towns why is your yield so low!?? Doesn't sound enticing at all sorry!

    Must be the cashflow after expenses??

    Terryw | Structuring Lawyers / Loan Structuring Pty Ltd
    http://propertytaxbook.com.au/
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Aust wide) http://propertytaxbook.com.au/

    Profile photo of Mick CMick C
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    @shape
    Join Date: 2010
    Post Count: 1,099
    Jamie M wrote:
    I'm sure every REA in NSW will tell you there an expert at selling properties! 

    Cheers

    Jamie

    ^ haha true.

    Finding a buyer to buy all 9 is a tough gig! + given it's located in based in mining towns 0.o 

    Im presuming 95k is after expenses? including interest?

    Mick C | Shape Home Loans
    http://www.shapehomeloans.com.au/
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    Same Banks. Better Rates. Served With a Passion.

    Profile photo of kong71286kong71286
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    @kong71286
    Join Date: 2009
    Post Count: 261

    Sounds very risky for the returns quoted

    Profile photo of IntrigueIntrigue
    Member
    @intrigue
    Join Date: 2010
    Post Count: 208

    Hello, just curious, why are you wanting to sell your portfolio now?

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