Hi Adam,
                In every area there can be some areas to avoid. Flora Hill is considered a good area but like I  said there can be some bad areas.  I'm sure you can think of some of those in your town. I've recently bought in Bendigo and looking at subdividing a block of just over 600sqm. This will be my 2nd subdivision if I can get it…[Read more]

Hi,
Im from Bendigo lived here for approx. 38 years. I have invested in Bendigo for the past 20 years. Flora Hill is a great area and I wish you all the best. If you have any questions please ask. Which street? Its close to University, pool shopping centre, and good schools.
Cheers Martin

Hi TonyLyn, 
                      Everyones journey is different, there is no right or wrong answer. We all make mistakes and hopefully learn from same.  You have the enthusiasm and the wish to commit change which is a great start.  No-one can tell you whats right for you and your circumstance. I know it sounds boring but research is a great…[Read more]

Hi Jamie in regards to Landlord Insurance I have  never used it.  Its a personal choice. I am of the opinion providing that you purchase in a decent area, the property is in good condition, and you have a good property manager you can reduce your risk of requiring landlord insurance.  If you vet your tenants well enough you can reduce risk.…[Read more]

Hi Joe,
            With regards to your insurance its up to you how much you insure for.  You're able to work it out.  For example I recently purchased a property for $247000,  crazy as it may seem I insured it for $250000.  I valued the land at $170,000.  I'm with RACV and  also and got the multi policy discount approx $400.  Yes it would be…[Read more]

Hi Crest,
               Sent you a PM let me know what you think.
                                       Cheers…

Hi Jaffasoft,                        The figures look good dont they and in general the houses that you buy over there for $40000 are in not to bad of shape but I would recommend that you visit,view and have a property inspection first.The bad news is that the tenants I have found over there dont care for your property,are very poor payers,your…[Read more]

Hi All,          My biggest investment mistake was investing in the U.S. Trying to copy what we had here in Australia is impossible overseas.If I can say one thing to all those budding investors avoid overseas investment at all costs.

Hi Longroad,

I live in Bendigo and have 2 investment properties here.I love Bendigo,its not to big or small.We have a population of approx 90000.Rental vacancies are pretty low and I have never had a problem finding tenants.We have our properties with a property manager at Tweeds Sutherland and they have been very good.As for the drought and…[Read more]

Hi Nigel,                Do you still run a realestate company in San Antonio?

Hi Linda,                 Gee I've almost forgot about this posting,thanks for your comments,please keep the positive attitude in your life.Once again its great to look at this video and put things in perspective.Hope all goes well in your rehab.Must remind myself to have a look at this video once in a while.         …[Read more]

Hi Col,            I wouldnt say I'm an experienced investor.But after a foray in the US and Queensland I'm looking to buy properties in my home town of Bendigo.        Regards Martin

Hi Todd and all,                            I have a 5 properties in Buffalo that are currently managed by DASA.I did have 3 of them managed by another property manager there but that was a nightmare.He was hard to contact,his statements for each month  were of a standard that a 10 year old would do.Due to these and other issues we dispensed w…[Read more]

Congratulations Luke all the best for the future for you and your wife.
Martin[biggrin][thumbsupanim]

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi Orica,
I have recently purchased a property in Bendigo (my home town).It was advertised for between $215000-$230000.After visiting the property and numerous others.I decided that the location,condition of the property met my criteria for an investment property.Now it was negotiating time.I’m not sure what its like in Melbourne at the moment but…[Read more]

Yeah I liked it to Luke,puts my problems into perspective.[biggrin]

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi All,
Just my 2 cents.I’m currently looking at purchasing back in my own town.It was approximately 12 years ago that I started investing in my home town.The properties I bought were around the $75000-$80000 mark rent was approximately $120p.w. and interest rates were just over 10% therefore gross return on these properties was approx 8 %.Those…[Read more]

Hi All,
Thought I would give this thread a bump.All those who said that they would purchase,how did you go?Have you been happy with the returns and growth?Or are you still looking?
regards Martin[biggrin]

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi Westan,
Ive had some minor damage to 2 of my properties.Lost some guttering on one and another had to have branches and rubbish removed.I’m expecting some more repairs to come in yet.

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who wondered what happened.

Hi,
Received notification from my property manager on Saturday re:the ice storms.They have only one phone line at present.No news as yet regarding the welfare of my tenants and properties.Better go and review my insurance.
Regards Martin

There are 3 types of people:1. People who make things happen.
2. People who watch what happens.
3. People who…[Read more]