Hi Jay,

Do you have a company website you could provide so I can have a browse? Thanks.

Regards,
Engelo

Hi Koenigcj

Send me an email at [email protected] and I will give you the link as I don’t want it to seem like I am spruiking the company. Thanks.

Engelo

Thanks 4 all of your replies, I will definetly look into it

Hey mate,
Im trying to keep up, im starting to get hit with all of the paperwork so Its been a bit hectic as of late hahahaha

Thanks Xdrew for ur comment, so you have 530k pooring in? <moderator: delete language> man those are some sexy figures hahaha. Does there come a time when you will say this is enough money? I kind of think when I reach a certain '' active income'' haha I will stop and enjoy from then on. Other more experienced investor friends of mine say I probably wont cause I will then set new milestones haha

Buy good property at under market (tick for that engelo10). Buy neglected .. buy poorly presented .. buy debtor sales .. buy bank sales or fire sales. There is no point in buying a pretty property that has both NO upside .. and no potential for extension or improvement. Think of that next time someone offers you an 'off the plan' proposition.

Thats it mate, im trying to find the biggest ruins out there, no one wants them and you can always snagg a bargain. Due to poor marketing and tenant having boxes stacked up to the ceiling I managed to pick one up 30k below comparables in the block. I dont believe the saying '' its only worth what you payed as thats the markets current appraisal of the property''. I believe there are many price indescrepencies everywere they just have to be found.

Engelo

@ Paullie thats awesome mate, im buying $1 scratchies and trying to win big so far no success.

@wisepearl sounds good, if not a secret how much do you spend per property and how much profit do you expect to get from every deal? Also, do you sell the property after the reno or hold and rent?

Thanks

Top comments from Alex and jayhinrichs.

What caught my eye was the vacancy rates both of you mentioned. So you guys think when crunching the numbers to only take half of the annual rent as serious income. So that means you would only get a 10% yield. I have 10% yielders here in Aus falling out of tree's hahahaha. Out of 10 properties how many would be vacant for a period of 6 months. I Dont mean to be sarcastic or anything like that but what would be the point of purchasing the in the states then? You are definetly correct about all of the spriukers pumping there figures at 20% + yields.
Thanks for your time.

Regards,
Engelo

Hi jayinrichs,

Thanks for your reply, Im sure there are plenty more cities that represent good potential.

Engelo