Forum Replies Created
With your QLD apartment, I would like to advertise for a tenant as close to (but before) settlement as you can. If it’s a big block, that will all complete at once, you could have some ‘fun’ trying to get yours tenanted.
Cheers
Mel
[/quote]Congratulations on your success!
May I ask, why do you use a trust for your investments? Is this something you can explain easily?
Re: QLD apartment: It was suggested to me to avoid the problem of sudden burst of supply that I drop the rent by 5 or 10% to ensure that I get a tennant locked in then later I may raise the rent to the market levels. Is this somehthing that is common?
Julian
Thanks so much for your insight Mel,
And its good to know there are other people who have purchased property from a young age.
Yes, I do have a full-time job and so far as how well my properties are doing now:
Sydney apartment purchased for 210k in march this year and already it is worth 285k! I have a great tennant on a one year contract for 270 p/week.
Brisbane off the plan contract for 245k in september this year and now it is valued at approx 285k – completion mid next year. Not a bad paper profit, and rentals will be 340 to 380 p/week as it is in the center of the city and a top quality apartment.
Mel, can I ask how many properties you own now?
Thanks, Julian
Thanks Shaun
That seems like a good idea, I think I will try calling some agents and see how much of the leg work they are prepared to do for me. Can you suggest any area’s that you have found to have the right features eg (average 3 bedroom house price of around 100k and solid rentals while being near a major cbd etc…) I’am not asking for a one minute answer to the property game, rather just some pointers in the right direction from people who have DONE it before.
s.i.s – Thanks for your reply also, seems you have some ‘secret’ methods that you are using. Are these methods working for you?
Keep the replies coming – Thanks heaps!
Julian
