Guys, I would love to have your views on this one. Especially:

It is listed at $130,000 and the vendor would take $125,500. It is currently rented at $235.00 per week.

What do you think?

Michael and NobleOne, thanks for your contributions.

And what do you guys essentially mean when you say “do your homework twice”? (Assuming I’m already pretty confident and sure about some deal)

Fiit, thanks for your opinions. Perhaps you like to share what you have found out about PI so far? And I totally agree with you on what you said. It is the environment that you’re in that is very important and that will shape/influence the way you are.

Geo, check your PM.

Anyone have any comments?

Derek, are you suggesting that it isn’t difficult finding deals fitting the 11sec?

P.S Btw, are you a more CG or +CF kind of person?

Dave, that’s pretty amazing. Mind telling us more about your 4 properties?

techa, I think you misunderstood.

What Richard did was hold an option to purchase at $800,000. Eventually, the option to buy was used by another party who paid $1.35M.

Which means to say he made $1.35M – $800k – $1000 (option money) from the deal.

It works a little like flips.

Richard, you mentioned knowing your market and town plan … Can…[Read more]

Richard,

Couple of questions:

1) Did you have partners or are you working solo on all these?
2) You mentioned know your market and town plan … Can you expound a little more on what you mean?

Live With Passion,

Kelvin

What about some of these:

1) http://www.realestate.com.au/cgi-bin/rsearch?a=o&ag=&s=qld&c=26483272&tm=1098413115&id=101917890&f=0&p=10&t=res&ty=&snf=rms-bri&cu=&fmt=&header=
2) http://www.realestate.com.au/cgi-bin/rsearch?a=o&ag=&s=qld&c=45837337&tm=1098413248&id=101962806&f=0&p=10&t=res&ty=&snf=rms-bri&cu=&fmt=&header=

Suppose if I had a…[Read more]

What about those apartments/houses I see at http://www.realestate.com.au/cgi-bin/rsearch?a=bhp&t=res then? They seem to indicate a purchase price of $90,000 ~ $150,000

Hmm, that’s an idea but wouldn’t I have to pay more for a 2/3 bedroom?

Another question I need to ask is when is a ‘0’ downpayment desirable and when is a 20% downpayment desirable.

This is what I’m confused about.

thanks for the replies.

1) Has anyone ever tried this strategy here? How much did you pay for the option?
2) Anyone wants to combine our brains in Brisbane?