Hi everyone,
My partner and I want to buy a property. We have the cash, read the book but our main problem is we’re living overseas in china. Now I will be in Australia next week to do some househunting but no doubt that will not be enough time to source a property that will generate positive cashflow.
We are thinking about getting a buyer agent, but they already stated upfront that it may be impossible to find a property much over a 3% return. How can we go about finding houses?
Should we go for a buying agent? (my problem with this is that it costs a lot of money unfront if when there’s no gaurantee that they will find anything; they may not even want to try looking).
Are there people out here that have a lot of time on their hands and are able to find good houses, for which we can then pay a finder’s fee?
People that we could possible even meet to work with / for us?
Any help or ideas will be much appreciated.Silluf
Hi SIlluf. My family just had a 2 week holiday in China….. What part of Australia were you thinking of buying in? It is probably easier to have a few parts targeted/in mind first. I am possibly heading over to Tasmania in a few weeks time for a look at some property (I’m on the East coast of NSW, which is not a bad place to buy for possible long term growth, but the returns suck) so may be able to assist. There is uite a bit of property around the 6-7% yield mark around, but not in th capital cities generally (I did say generally before anyone else takes me to task) All the best with your hunt anyway. I had heard China was a good spot to buy anyway? [buz2]
You must be logged in to reply to this topic. If you don't have an account, you can register here.
