Hi Melbear

Yes the ones im talking about were vacant.

Yes the termite inspectors should find them , but they dont always, as is reported on TV on a regular basis.

ARe there any Tasmainians on the forum? Was wondering if its true they dont have termites there?

Regards Bear

oh ok, thanks for that Mel[]

I believe the only place you cant do wraps is in South Australia. However this can be overcome by rent to buy lease strategy.

Regards Bear

Hi summo

I have invited some new comers from Steves Seminar. There were 2 lovley ladies from Burnside that i was meant to ring when i got home also about the details but i appear to have lost their number. If you remember who you are can u please ring me on 0407 607 890.

Thanks

Regards Bear

This site says they are in Vic, or do they have offices interstate to? Damon is looking in Adelaide same as myself.

Regards Bear

I have tried this with a few agents to no avail. Freinds of mine that are agents have said its highly unusual coz in the past the renovators have found termites etc, and the buyer then backs out. Agents tend to say its an insurnace issue but i dont beleive this to be the case.

Regards Bear

Well as a general rule i wouldnt do it as i wouldnt like it done to myself. However i had a contract on a house and a couple days later they were offered alot more money from someone else and they took it. So i guess it can work both ways.

Regards Bear

quote:
Just go for Dale GG
http://www.gatherumgoss.com.au

Terryw
Discover Home Loans
North Sydney
terry@discoverhomeloans.com.au

Terryw , are u sure that link is correct? Its not working my end[]

Regards Bear

1) purchased last week

2)27,000

3) buy and hold at this stage but open to review

4)12 month lease at 100pw

quote:
This could be the most interesting topic to date!!![]

Could EVERYONE who has purchased a recent cash flow positive investment (residential, commercial etc.) please post a short story on:

1) When you purchased your…

[Read more]

Hi Rugbyfan

You are in a similar position to myself but you have access to alot more cash then myself. Yes it is harder to find a +ve property if u have to borrow the full amount including costs but once you find them it will be easier to find. I have found many but on the side of caution only purchased the one at this stage.

Regards…[Read more]

Hi rolonation

Well done and welcome to the forum.

I would suggest you read Steve’s book and others and start investing in your knowledge then when the time feels right start putting your knowledge into practice.

Regards Bear

My observations when the interest rates rose to 18% the higher priced properties dropped significantly while the lower price properties actually rose a little. My belief is that people were forced to sell and buy in cheaper areas.

Regards Bear

quote:
Essentially I agree that a rise in interest rates could see the booming property market plateau.…

[Read more]

quote:
The downside is that you may not know the market as well as the locals.

A major disadvantage that one trip may not overcome.

As long as you do a lot research, that should be fine.

If you try to take shortcuts or do it quickly, you are talking unnecessary risks.

My two cents worth.

Cheers[],

Herve.

Always talk to the locals. Examples…[Read more]

quote:
That’s what I thought.

There’s actually one in Tasmania. You’ll see from that link posted, that the RE agent is from there too which makes perfect sense []

There are no Real Estate agents in Queenstown, there are also no property managers at the present moment working the Queenstown area so if you are going to invest there do your…[Read more]

Hi Younginvestor

I love your post and it puts a huge smile on my face to see you in 10 years time sitting back enjoying your life while your peers are still struggling to pay off their 1st home.

May I suggest you buy Steve’s Tales from the trenches there is a story or 2 in there that im sure you will be able to relate to and help you plan your f…[Read more]

Mccollins.

I believe more is achieved if one teaches a hungry person to fish, rather then give them a fish. that way they have food for ever , not just one feed!

Warmest regards Bear

HI SIS

Well if the price is right why not invest there? I do beleive their is a shortage of rental properties in the area and tourism is growing there also. But 2 bedroom house for $45k in Queenstown is way too much

Regards Bear

quote:
Give us a clue Bear[][][]

Well Rugby lets just say Tassie has some greeat spots to visit []

However after going to Steves Seminar and talking to many people I beleive they are every where if we go out physically looking for them []

Regards Bear

Greetings all

I just got back form a 2 week interstate trip looking for positive cash flow properties, and found enough to keep many people happy in a town where the locals have told me that rental properties are hard to come by..

My advice is have a working holiday and go looking, its amazing what you find! []

Regards Bear

I recently bought my first property interstate, and I was thinking much like you hoping to get one closer to home. In the end do your homework.

I recently payed 27,000 for a 3 bedroom house and a lease for 12 months at 100pw. I think I would have been silly to pass that up. But its an individual call. The property is interstate.

Regards Bear