What we be the amount of time to see each market. ( understand it takes much more then a visit to understand the USA ) so do think can be one trip and you know everything.

Again just looking for feed any feed back thanks

Engelo I know you came over recently jump in and help me out.Seems every one is getting quite..

Settlement is on May 28^th. I have a 3 bedroom fibro 1 street away renting for $360. This is a much nicer 3 bedroom brick veneer. Will rent it to existing owners mum for $340/wk which will benefit in that I can carry out repairs on the other building and claim deductions (all under one title).

Talked to a few agents in those 20 mins before I made an offer :p and the whole lot would rent for $450/week. However renting it separately after council approval (already in the process) it should rent for about $620/wk minimum.  I don’t know why the place behind mine sold for $450k, I really wouldn’t pay more than $380k for something similar to mine in that area even in mint condition.

Will probably sit on it for a bit, pull out equity in a year, study the Victorian market in the meantime. 2 properties and pumping money into granny flats at the moment has eaten up all my cash and strangled my cash-flow L (lesson learnt).

Feel free to throw them our way – haha

Am struggling to find these great deals, still inexperienced. The last one I bought for $310k with two dwellings, the house behind just sold for $450k. To be honest, that was a fluke, I was actually on my way to see another house down the road and was curious why the real estate agent (who I had seen previously) hadn't mentioned it.

Turns out the vendor was a nightmare to deal with, they never wanted to call him, and greatfully, not many people ever saw the inside of the house before me after months on the market. Realised it was a bargain and made an offer within 20 mins.

Hey engelo10 how is the reno on your 22k house coming along,finished yet?

Welcome to the forum.

Why not do both? Purchase a PPOR and then an IP afterwards.

I've had many clients purchase their first home and then use it as a stepping stone towards investing. A lot of these guys have purchased properties that are in need of basic, cosmetic renovations. Upon completion, they generally value up a bit higher than the initial purchase price. We then access this equity which is used as the deposit/costs on their first IP. They often then repeat the process.

Whatever you decide to do – it would be worth consulting with a decent broker about the structure of your finances. It's important to get this correct from the start. They'll also be able to run some scenarios for you.

Cheers

Jamie