They either want to buy a better property, or want to cash up for whatever reason…other commitments etc…or it's not CF+

THanks Michael,will check them out..the more conracts the better.CheersSAM

Getting close at $492,500

Hi there looking for Guru,
It sounds like a good deal WITH the proviso as you already know that it is cash flow negative for quite awhile.
The lenders will probably only lend you 70% of price or valuation if you’re lucky.
You have probably underestimated the cost of renovations and you will need to be VERY specific about this.
Town Planners,…[Read more]

It will be hard to prove he did not do his job properly but he sounds like a cowboy…definitely serving own interests not the vendors.
Always try to find out what’s going on by incessant phone enquiries or personal attendance to find out facts face to face and be on the spot.
At the risk of sometimes being unpopular.

Jupiter Properties P/L buys…[Read more]

the best advice for those who have not entered the market yet is to make buying a property their number one priority. And to do it now. That is start from scratch researching the area you’d like to buy in and look at as many properties as you can intensively. Never give up even in a down market because that can be the best time to buy.
There is…[Read more]

Hi Carlin,

recently I had exactly that experience and had a gut feeling my many offers had not been submitted.
I reported them to the Professional Standards Department (offshoot of the REI)but did not lodge a formal complaint.
I kicked up so much noise and eventually rang the owner direct.
The agents still get their commission of course but I got…[Read more]

I agree Karl,
anyone telling us how ethical they are would to me require close scrutiny.

Byron SAM

Byron Sam

Hi There,

This is one of the deals I would never even need to do any figures on.
If I bought this sort of deal I would need my head read.
Cheers,
Byron Sam

Byron Sam

Hi Anna,
the first step would be to speak to a townplanner and architect to see what is feasible.
preferably without them charging you at this stage.
The second step if you are VERY confident would be to frame your offer subject to present owner’s giving consent to all the documentation being lodged with Council.
I think you are tackling something…[Read more]