May I ask how much rent you were paying trackstar, where you feel maintenance was lacking/inferior?

mrproperty wrote:
Hi all ,I have just purchased an investment property and would like to management it myself rather than use an agent.I have a month until settlement and I was wondering if anyone could tell me the best way to market the property , are you allowed to list it on realestate.com.au , are their specific sites for this?any advice…[Read more]

ricksta1969 wrote:
I had a look at the website and I dont believe a word of it. These are not tarted up 4 bedroom appartments split up to make 4 one bedroom serviced apartments.She is pulling your leg.  

Did I miss something?    I didn't see where she divided 4 bedroom apartments to make 4 one bedroom serviced apartments.

I found myself to be doubly motivated with my investment properties while I was with my partner of 15 years.   And so was he.Since we split up, I lost most of my motivation, & although I have a new partner, I'm progressing very slowly on my own with investing.I'm told my ex has stopped investing.So I could feel Buffet's comment regarding "the t…[Read more]

Generally only Property Managers themselves have done the specific course.Most often, not one of their peers has, so how could the peers select a "good" Property Manager?    They wouldn't know what they were looking for?

From my experience, it doesn't matter much who the Agency is, but the individual Property Manager.It's the Property Manager you're having a business relationship with, not the Agency.

What a clever girl is Carole????    Good on her for taking the initiative, I take my hat off to her………and to you too Angel, for sharing her story A desalination plant has been built over the last few months here in W.A., 20 minutes North of the town I live & operate a business in.    Quite a few of the construction workers were fly-in…[Read more]

Hmmmm, not a lot of tenants looking in Wagin, W.A. I'm afraid

There needs to be plenty of other types of industry in the area for there to be no risk.

You don't have to be wealthy to invest,but you have to invest to become wealthy.

Educational post, thanks ALF1  

My perception of this site, is that we who participate are sharing our knowledge to the best advantage to each other.I don't think any of us here thinks as if the sky's falling in.      Most of us are looking outwards to see if there's other opportunities that could work to our advantage, but then that's what serious investors do, even durin…[Read more]

Not really sure which doomers & gloomers you're referring to gronk007, want to enlighten me?

sc541,  how long's the $400,000 house been on the market?

Another trick that worked on the last three property purchases made by my ex partner, was to tell the agent at the time of handing over his signed offer, that it would be his only offer.It worked perfectly the first 2 times, he got the properties at his offered price.   The third time, the seller negotiated, but only by $1000.00, which was agr…[Read more]

It's great to have your reassurance ALF1 

Choose an independent agent, who's then working in your favour, and not the sellers, and ask "if this was you, what would you offer?"He/she may skirt around the answer you want, but watch the body language very closely to determine his/her truth.   You'll probably get the answer you were looking for anyhow.Hmmm, if the property you're pursuing is…[Read more]

I'd consider circumstances re the sale, like how long has the place been on the market (are the owners likely to becoming impatient), is it worth $400,000/+400,000 (compared to other nearby similar properties), why is it for sale (is it urgent?)?I've always offered well below an advertised price, and the most I've ever paid is $12,000 less than t…[Read more]

Hi Rachel,I didn't see your March 31st letter arrive???I would've chosen step 1, then held my breath!Which did you choose?

Johnwilly1000, cycles have been around since Adam was a boy.This part of this cycle just happens to feel slightly uncomfortable for the moment.I'm hanging in because I hear over & over from those with many more years of property investing experience than mine, that "this too shall pass."