Hello,
From the messages on the forum I understand that people invest in properties that located in regional and rural areas and even interstates.
I’m wondering how do you close the deals – can this be dome remotely?
For instance, some investors mention that it is becoming hard to invest in Victoria. So how Victorian based investors can acquire multiple properties interstates? Do you travel there?
And after the properties were acquired, how do you manage them if they are far away?Thank you,
Leonid.hi leonid
i live inVictoria and i have purchased more properties outside of Vic than within.
There is no problem buying properties interstate, try to arrange holidays and property hunting together, QLD is always a nice destination.
All the paperwork needed to purchase is easily done without being there, fax and mail do the job. and when you do settle pay a property manager to look after the house. in some ways its better not being too close to a house it means that you can’t do the little fiddly jobs so you have to pay a handy man which is one less job for me to do.
By the way only 20% of my properties are within 30Km of me. Some are in Latrobe Valley 380km some in Adelaide 600km away and some 2000km away.
regards westanThank you,
This is very reassuring to know that people do actually buy properties located far from where they leave. Perhaps I need to leave my ‘comfort’ zone and get to the car [
] or think about taking few days off from the work to travel to potential areas of investment.Appreciate your help.
Best regards,
LeonidLeonid
I agree with Westan be a devil and treat yourself to a trip to Qld. We don’t bite and the weather is bloody marvelous
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
] or think about taking few days off from the work to travel to potential areas of investment.
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