prices

Viewing 6 posts - 1 through 6 (of 6 total)

gilad
Member
@gilad
Join Date: 2004
Post Count: 64
January 13, 2004 - 5:57 am
Steve,
I don’t understand how you paid between $50 and 100K for most of your properties. I’ve looked around and cant find anything for less than $120. Also, none have a positive cashflow.
Can you help me?
Regards, Gilad
Gilad Katz
melbear
Member
@melbear
Join Date: 2003
Post Count: 2,429
January 13, 2004 - 6:45 am
Gilad, I’ve seen many house prices of less than $100K. I guess it depends if you are confining your search area to x kms of major cities.
I’m not buying at the moment, but there are others on these forums that are, and are still finding the positive cashflow. If you search through some of the recent/older posts, you might come up with some good tips.
‘Good’ properties rarely make it to the internet, you need to be talking to the agents (talking, not emailing as well!)
Cheers
Mel
BEAR1964
Participant
@bear1964
Join Date: 2003
Post Count: 702
January 13, 2004 - 4:35 pm
I have just found 9 properties b/w $45,000 and 55,000 with possible rents 120-140 pw. Found block of flats with income asking for offers b/w 250-280k rent income 710pw, Executive house 170k possible rent $350+
They are out there, u just have to look. My experience is use the internet to research but not to find properties. Just hit the pavement and network.
Hope this helps
Regards Bear
Still in School
Member
@still-in-school
Join Date: 2003
Post Count: 1,844
January 14, 2004 - 2:31 pm
Hi Gilad,
Positive Cash Flow properties are out there, they all dont come at cheap bargains, some can be found at reasonable price for particular suburbs. Mainly the cheaper properties are more +ve cashflow as the rental yeilds are much higher than average prices.
Though, they are out there, just spend some time looking, you will find them.
Cheers,
sis
People 4get that by saving just $3 a day & investing it sensibly
over a working life, you’ll end up with around $1 million
kay henry
Member
@kay-henry
Join Date: 2003
Post Count: 2,737
January 15, 2004 - 1:28 am
Bears,
Haven’t seen you around for a while- welcome back :o) It’s so great that you can find properties not on the net! I pretty much look exclusively on the net these days- even though I know it has its limitations :o)
gilad- even on the net, there are heaps of properties under 100k- go to realestate.com.au and do a search under 100k. Most RE’s have all their properties on the net these days if you wanna go to their websites. On realestate.com.au, all the places are with RE’s, and the site is linked to the RE’s, so you can go and check out other places on the RE’s books.
You can also go to the private sale sites- they don’t list with RE’s to save themselves the cash.
kay henry
BEAR1964
Participant
@bear1964
Join Date: 2003
Post Count: 702
January 15, 2004 - 2:08 am
Hi Kay
Maybe when i have BB i mite have more patinece for the hit mand miss ratio on the net , but with dial up its just to frustrating and time consuming to find the properties im looking at are sold already.
Regards Bear