eZyCASH replied to the topic Investing in NRAS properties in the forum Help Needed! 12 years, 6 months ago
NRAS has some good features, but there are also pitfulls to it too, including:1. Lump-sum payment2. Retal amounts different to expectations3. Focus on cashflow and not capital growth4. Not doing proper DD5. Fiancing problemsMore details here:http://achievepropertysuccess.com/fivemajor-traps-to-avoid-with-nras-investment-property/
eZyCASH replied to the topic Ideal first IP? in the forum Help Needed! 12 years, 6 months ago
Cashflow positive properties are out there in Australia but they can be hard to find. Another option for you could be to create cashflow properties. For example, buy a unit, do a small cosmetic reno (paint it, possibly new kitchen or bathroom) and then rent it out for a higher price and higher yield. Another option could be to buy a house on a…[Read more]
eZyCASH replied to the topic Renovation courses/mentoring in the forum Help Needed! 12 years, 6 months ago
I've seen her speak and she definitely knows her stuff. I know someone that did her the course and while he hasnt implemented the stuff, he said it was well worth the money he paid. Goodluck!!
eZyCASH replied to the topic Real Estate Agents – their role in finding buyers in the forum Help Needed! 12 years, 6 months ago
Hi Emma, It can be very frustrtating finding a good agent. You should ask them a number of questions before considering any real estate agent. For example:1) Does the agent listen to you or simply provid generic responses?2) Do they ask question or ask for feedback?3) Are you comfortible dealing with them?4) Do they know the area?5) Experience…[Read more]
eZyCASH replied to the topic Investing in Ballarat in the forum Help Needed! 12 years, 6 months ago
I don't have any experience investing in Ballarat. But as with any investment in a smaller town you should undertake substantial DD on the area. Try and find out if there are any new schools or shopping centres being built in the area, jobs growth, net migration, average owners vs renters in the area, drivers of the local economy etc. this will…[Read more]