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Viewing 5 posts - 1 through 5 (of 5 total)
  • Profile photo of BEETLEBEETLE
    Participant
    @beetle
    Join Date: 2003
    Post Count: 7
    October 17, 2003 - 3:34 am

    Thanks heaps Anna,
    Most peoples responses are that you should inspect the property personally. But i’ve seen a couple on the net (few weeks ago) with tenants and looked okay.I suppose if you can get onto a good solicitor / building inspector and get all the reports you should be covered. But catching a plane and having a look for a weekend would also be okay.We have a unit in southport which is sold(settlement oct)once that happens our title will be cleared and then i can have a serious look.

    see ya mitch

    Profile photo of BEETLEBEETLE
    Participant
    @beetle
    Join Date: 2003
    Post Count: 7
    October 17, 2003 - 3:25 am

    quote:

    Hi Mitch..

    I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading [:D]

    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617

    Thanks jay – good reading !!
    Cheers,

    Jay

    **********************************
    You must stay pOsitive
    …then the cAsHfl0w will come!
    **********************************

    Profile photo of BEETLEBEETLE
    Participant
    @beetle
    Join Date: 2003
    Post Count: 7
    October 17, 2003 - 2:42 am

    quote:

    Hi Mitch..

    I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading [:D]

    https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617

    Cheers,

    Jay

    **********************************
    You must stay pOsitive
    …then the cAsHfl0w will come!
    **********************************

    Profile photo of BEETLEBEETLE
    Participant
    @beetle
    Join Date: 2003
    Post Count: 7
    October 16, 2003 - 9:28 am

    hi maggie,
    I bought a property in Frankston in april 2003 it was the only area in melbourne suburbs that i could find under $150.000 i bought mine for $122.000 old Housing commission area surrounded by seaford / carrum downs / golf courses – close to city and mornington peninsula – i have’nt looked at the market since but i’m sure the prices have gone up.My place is rented at $160 per week.

    Hope this helps
    Howard( mitch )
    Hello everyone,

    I have been reading the forum for a while was looking to buy positive cash flow properties then got busy at work and now I am again looking.
    I would like to know if anyone has looked into Frankston suburb in Melbourne. It seems to me it is a little cheaper then the around suburbs.
    Any idea why is that? Should be a reason for that.
    Although the properties don’t meet the 11 second rule they are still attractive.

    Any comments are welcome.

    Maggie

    [/quote]

    Profile photo of BEETLEBEETLE
    Participant
    @beetle
    Join Date: 2003
    Post Count: 7
    October 16, 2003 - 9:24 am

    quote:

    Hello everyone,

    I have been reading the forum for a while was looking to buy positive cash flow properties then got busy at work and now I am again looking.
    I would like to know if anyone has looked into Frankston suburb in Melbourne. It seems to me it is a little cheaper then the around suburbs.
    Any idea why is that? Should be a reason for that.
    Although the properties don’t meet the 11 second rule they are still attractive.

    Any comments are welcome.

    Maggie

Viewing 5 posts - 1 through 5 (of 5 total)