Just a quick query as to whose buying ?
And in what state?
Redwing
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsRedwing,
I’m looking to buy in Melbourne.
Regards,
OziI’ve started looking as well at other states with WA starting to get out of reach
SA looks good to me
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating CalculatorsI am picked up 2 in the last 3 weeks in S.E. Qld
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Hi Redwing,
It’d boost my confidence if you’d kindly explain why SA looks good. I bought a couple of low cost properties for development & everyone I know scares the s out of me with their negative remarks.
Thanks,
Kum YinHi Redwing
Know what you mean about WA market.
I live in Albany and rent is way behind the over inflated prices down here, pretty similar to perth i believe.
Am new to property scene with 140000 equity and 35000 in LOC on my own property. Problem is nowhere around here is close to +CF. A friend of a friend bought a property in Norseman for around 30000 returning 12-13%. Ravensthorpe and Hopetoun have gone through the roof with the mine activity. So we have started looking over east also. Goldcoast and SE Qld do still look like showing good returns. Don’t know about SA sorryGreat forum
First timer
SchoofyI’m Still Buying!
Over in NZ though… good 10% + yilds and good rental demand… and if not I can use Wraps, Options or 100% financing to get them there!
Cheers
Kiwi[strum]Why Rent? Rent 2 own!
http://www.rent2ownaus.comI’m not so sure about the Development Sites in Adelaide, but I am planning on flying down there within the next couple of months and offloading a mil or so of My bank managers nightmares! I mean spending some of the money he ever so grudgingly hands to me…
Stuart Milne
Non-Conforming Specialist
READY Mortgages
http://www.readymortgages.com.au
[email protected]
Mob: 0404 056 055Mmmm South Australia, I’m about a stones throw from S.A.
A variety of free comprehensive property analysis calculators and feasability program downloads.
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Lending Money Joint Ventures Subscription Five Star ChecklistYes, I’m happy to buy, been checking out various states other than WA but haven’t found what I’m looking for yet.
PK
Talking of returns in various States – whe searching for properties with good returns on websites – both the domain and realestateview websites have the facility to do a “keyword” word search. If you type in the word “return” you get all the property adverts containing that word. I figure most properties with a good return would be promoting the fact and would therefore contain the word “return” in the property description.
I’ve found a few great properties in most States over the past few weeks – but I’m not buying though!!
Originally posted by Housemender:I figure most properties with a good return would be promoting the fact and would therefore contain the word “return” in the property description.
I’ve found a few great properties in most States over the past few weeks – but I’m not buying though!!
I would suspect you would be paying retail in most cases as this is a conditioning technique to ATTRACT investors by agents….
95% of the time the property s retail or higher and you are buying against the investing grain… buying @ discount…. you make your money wehn you buy people and not when you sell!!! …as if you guys didn’t know right??!! – most houses bargains of hte century are bought off the negotiated price rather than the sales advertised price.-just in case you did not know that …. well perhaps you all did [blush2]
Cheers,
KiwiWhy Rent? Rent 2 own!
http://www.rent2ownaus.comHi Kiwi- Fulla
Yes I totally agree that most of the properties advertised are retail prices and that is not the way to go.
Yes I couldn’t agree more that profits are made when buying and not selling.
My point was to find a load of properties with good returns to start with, then do all the due diligence and weed out the bad ones and poor growth areas etc and then get down to viewing, making offers – and lots of hard negotiating tactics to get a good wholesale price.
My mum just bought a property off the net which she loved but we thought overpriced at $290K. We did our research of past sales etc and our suspicions proved right – we valued it at $260-5K. She eventually got it for $242K! Some people in such a sitatuion fining a property on the net may have offered slightly less than the asking price and been happy to have got say a 10K discount.
G’day Redwing
Still buying development sites in Melbourne.
Bought a great site recently for a side by side development – double story.
Long term settlement so can start early on the plans etc. Have already completed
land survey and vegetation overlay.‘ you will never go broke taking a profit ‘
hi redwing
yes I am buying
sydney da site(and os) and also always on the look out for othershere to help
If you want to get involved in some of the projects I’m involved in email to [email protected]Gday redwing,
Yup, I’m buying in Sydney too, prices have obviously been coming off for ages, and there are some deals starting to surface that are 20% or more below their peaks.
Bluey
“Its all beer and skittles really.”
I’m looking to buy in the next month or so..all going well with the current vals and loan top ups to lock in equity
“Money is a currency, like electricity and it requires momentum to make it Effective”
Online Positive Cashflow and Renovating Calculatorsis anybody looking at reno deals in Sydney, specifically in outer western region such as Blacktown, St Marys, Penrith ???
What sort of property are you looking for?
Neg geared a little, equal, or as much positive cashflow as you can?
What’s the next property for the big Redwing portfolio [biggrin]?
I guess you being a city slicker you will go for one in a Capital city.
What would fill the spec’s of what you want to buy?
.
A variety of free comprehensive property analysis calculators and feasability program downloads.
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Lending Money Joint Ventures Subscription Five Star ChecklistHave any of you guys looked at whats around in NZ lately? Yes we’ve been thru a massive property boom, but there are still property deals at 10+ plus yield, some even on the asking price!
Agree that you need to negotiate all your prices a lot in this market and making assumptions on asking prices is going to scare anyone away. Im regularly finding properties in NZ at the moment, a lot more in main centres too, that are CF+ from day one based on 100% financing.
Mind you – I dont want too many of you guys buying our property….[suave2]
Positive Cashflow NZ Properties
Email me for a current list of deals
[email protected]
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