Hi Robot,

As the others have mentioned that region is a beautiful part of the world. Currently, there are alot of planned investments in relation to offshore gas and oil. The region is already seeing the positive effects of this during the early stages.
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Have you spent alot of time around the region?
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Good Luck

Think about your exit strategy. Who is going to want it when it is time to sell.
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Good Luck.
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Hi Danga,

Some very good advice once again from the other forum members.
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There are plenty of cash positive properties around but as the others have said they may not be in the same shape and form as you are looking for.
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Because of this each individual investors needs to be very certain what their risk tolerence is and what amount of work they…[Read more]

Hi Terry,
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Goog point about the per unit costs of small portfolios and the associated economies of scale.
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Re double tax. Finding the right structure is probably the most imortant issue. If you can find true cash positive investments and leave the surplus in the structure some of this problem will be overcome. Eg a trust would pay a certain rate…[Read more]

Woodsman got it in one.
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Trust your gut instinct.
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Good luck

Hi Ronulas,

Well done. You have a very valid point about making your money when you buy. Great to see what you have achieved on a single income.
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Good luck for the future.

Have a feeling the reserve might wait a while after such strong words of warning.

Hi Andy,

Understanding the different range of finance options available to you will be a very valuable tool as your portfolio grows.
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Some of the mortgage brokers out there might be able to help you with this. I wont mention the bank (institution) but there are fixed IO loans with a redraw facility. The rates are very competitive as well.
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The…[Read more]

Hi,

[http://xtra.co.nz/streaming/0,,10549,00.html

This will give local and international business news video feeds and national radio broadcast. Up to date information on the area that you are interested in.

Good luck

Hi,

Depends if it was like that when you exchanged or if the condition of the property has changed. ie are you getting something now that is different than what you contracted to purchase.

Maybe it is something that the vendor could make an insurance claim on and fix it before settlement. eg. maybe it blew down in a storm or some thug pushed it…[Read more]

Hi,
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I wonder if this book is on Mp3 or Ebook yet.
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I have a few resources that I would swap (freely available on public domain but a pain to download so I guess it’s ok).
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Genuine offer. No scams.

Hi,

Kiwi Has some really good points about using building reports et al as a tool during the intial and final negotiation process. In softer markets you may find that vendors will be willing to repair defects that the building reports show up or make a concession on the price. (Actually, I should not generalise. You may find that sort of vendor…[Read more]

Hi,

Well done on your savings. I don’t think I will give any advice about what to do with the whole sum. I have a question though. Where in Eastern Europe have you been thinking about.
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I saw a show on the TV last night about Germany after the reunification. It would be very interesting to have access to these sorts of markets. I wonder if…[Read more]

Hi,

Have to agree with Derek. It is the future of the place and not the actual size that is of primary importance. Although without knowing where you are talking about 10,000 seems like a good sized place. Would you be in a positions to do some upgrading after the purchase to try and maintain a low vacancy rate?

Hi,

In NSW vendor can do whatever they like until exchange.

good luck

Hi,

No not after a job just interested as it sounds like the sought of project you could really sink your teeth into. Would be alot of fun and alot of hard work at the same time.
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Keep us posted.
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Hi,

What an interesting thread. I suppose you can’t go past some reference to the natural resources in the area, “Hot beds” was a really good one I thought. How about, “Hot Rock Backpackers”. Who knows might appeal to the younger crowd.
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The conversion process is very interesting. Have you got anyone to manage the conversion yet or are you doing…[Read more]

Hi,

I remember this issue was covered in API magazine a while back. I cant find my copy ATM but maybe someone else can help you out with the issue number.
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The story was about a guy who had been doing it in the hunter valley. Had a break down of costs etc.
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Good luck.

Hi Dian,

Well done for getting straight into it.

Please keep us updated on the progress of your project.

Good Luck

Hi,

Woodsman has a very good point. You need to know exactly what you are dealing with. What is the strata cost and can it actually be done. Good luck if you decided to go ahead.