I would have to tell you that Melbourne isn't getting a lot of positive attention right now, and the market isn't as great as it was, how long this will last, no one could really pin point it, you could also say that this type of market would present some great opportunities to secure a great deal. i would open up your options though and look for…[Read more]

I start my conversations with real estate agents by asking if they have any problem properties, you may need to ellaborate a bit, for example "properties that have been on the market for 12 months or more or properties that no one bothers to look at" these properties may be good source for "handyman specials", you'll find a lot of these vendors…[Read more]

You need to be the first one to do the deal. its a great Business, you can make a real lot of cash in any market if you do it right, learning to do it right, unfortunatly isn't really documented, because every vendor is different, and you need to provide a solution to the needs of the vendors. the best money is made when you can secure off market…[Read more]

davejohno wrote:
Hey, A bit of background, wife and I have recently done a full reno that is currently tenanted and taking care of itself. We loved the experience and have learnt since and would like to do a couple of buy, reno and sells, eventually doing some small development townhouses possibly. Our issue is that we are having trouble of…[Read more]

teaching/educating you how to negotiate with vendors is not

RPI wrote:
Just see a lawyer who knows their stuff on vendor financing and they will give you a bit of a quick education while preparing your documents.

regards

D

Lawyers are Lawyers….. Solicitors Solicit. This is their core business, teaching you how to negotiate with vendors is not, if it were, they would probably not be a Solicitor. I…[Read more]

Nigel Kibel wrote:
There is nothing wrong with the strategy at all and I am involved in development products that do a similar thing however there is EVERY THING WRONG WITH DOCKLANDS

This is an area that will be dramatically involved in massive oversupply of property. Also do not touch the CBD of Melbourne. 

I generally look inner suburbs such…[Read more]