Steven I think your focusing on a semi truth and Benny correct me if I am wrong but,

Gold is found in dirt, not in the town window.

What I mean is, there is gold in the town window shop but the money is made in the mine and dirt.

The upscale for profit is in turning a problem into a solution.

now, you will not! and I would love to see evidence otherwise, or advice on how to find them regularly, find the same deals from new developers that have not gone bust, it does not happen often or at all and when it does its usually on a large scale that skips the price bracket of most of the average property investors or is inside deals with large companies.

I think one thing I stumbled on and believe is if your buying properties in “safe” areas for less than any builder could ever make profit in that area with a positive cash flow building, then its really hard for me to see much downside, verses new properties that are generally mass produced and statically don’t come close to the same returns.

• This reply was modified 7 years, 3 months ago by  Jaxon.

Restudied the property,

for exacts and scope last night Aaron,

So purchase 120, spend 45k to turn to a property renting for $310 per week thats

165k over $16120 PA = ROI of 9.76% not bad.

plus the revaluation will be $250ish

So why sell? you now built 80-100k in extra equity in 2-5 months (if the market does not change), a positive cash flow of around $150 a week (rough estimate but very likely) on a PI loan, thats

a yearly income of $7,800 on the first year, which means it pays itself off in 10.

No incentive to sell in any way? keep it and use as a stepping stone.

(Nathan Birch has done this the best in OZ IMO)

Mate firstly what is something worth?
the answer; what someone is willing to pay. simple.

If your getting someone who is happy to pay that and they see value, then thats a good deal for them, someone else may says its a rip off but if your tenant is happy thats all that matters.

the main thing is the structure of the agreement, make sure your covered by your insurers and set a really specific and ass covering lease agreement.

lastly if more than a couple are coming through and think its a ripand you cant find someone, well alter the price.

Kind regards

Jaxon Avery

Mate,

What do you think will work better, telling the bank you want a better rate, or arming yourself with loans that fit you and coming back stating that you have approval going through for 3.7% with XXXX

when I am threatened I like to see the gun to my head not a hand.

I would suggest getting as many opinions as possible, sussing out a deal and making sure you do the due dillgence yourself so your not shooting yourself in the foot.

Kind regards

Jaxon Avery

Hobartchic I was going to just leave this, then it dawned on me you might find this thought useful.

$100,000 for retirement can it be done? sure, of course, but very tightly and with a lot of restrictions.

now lets say your 70 and live till 90 thats 20 years. will 100k last 20 years to survive? rates and insurances will eat that up.

But lets say you bought the property I did above so thats a 20k loan, the repayments are $100 a month, thats $1200 a year if its unrented for a year. but if it was rented thats 240×52 = $12480 – 1200 plus lets take another $2000 for management fees and insurance, thats still over $8000 more, then ontop of that there are a stack of other ways to get some of that money used more effectively.

I adore and love Warren Buffet as a person and he has this great video on why he would rather all the farms in america than all the gold in the world. simple answer is, it produces something.

there are so many more options than sitting money in a bank, and also with sitting money in the bank ask Greece how that went for their retirement.

every other point about seeking advice I agree with but most people know what they have been taught, they don’t look beyond that or even think that matters.

I truly do. and pride myself on such.

If either of you would like to chat my numbers at the top as before, more than happy to help.

Kind regards

Jaxon Avery

I would like to point out the value in Kylie’s statement.

Due diligence

Due diligence

Due diligence

I would guess you are at the start of this and gaining information to arm yourself, firstly look for one in your area in the same zoning that has been done, if not contact your local planning office and have a big big chat, try a few times till you find someone who can give indicators and explain to you so you understand. this is by no means simple, but yes rewarding if done right.

Hey Heather,

Welcome to the page, lots of really well versed minds on here.

Firstly I would like to say your maybe not looking at this in the best way, when you say $400,000 and melbz, my town etc. if you could buy a 100 properties for free that had enough money for 10 lifetimes wouldnt that be incredible!
my point is, its the specifics of the deal that yeild a lot of benefit, but yes the town and everything else does come into play.

I would be more than happy to have a chat and share any advice I can give.
my details are; Jaxon – 0431376130 (feel free to call or text and to set a time)

I would Also like to give you an example of a deal I just did

purchase; $121,000
rents for;$240 Per week
Return on Investment; 10.3%
Pocket after expenses each year;$3000-$3500 in my pocket per year after expenses and after the Principle and Interest loan.

There are a lot of options out there, many good, many bad, its knowing what your getting into and really doing due dilligence on the contract/insurances etc that makes a huge difference.

Have a great week.

Kind regards

Jaxon Avery
0431376130

Everything is speculation and then implementation….

And Also it was strategic none the less, we create things, if I invent time travel to make money I am speculating it will be profitable, everything is speculation until it is done. Nothing is guaranteed except for Death and Tax’s.

Ok so you could do a real estate course,online they aren’t overly expensive.

But a Cma is a process you should be able to work out for yourself.
Study
-past sales in area that are similar (sold)
-what’s on market
-sale frequency
-then look at what your property has to offer etc

Instead of looking at two properties you look at one. Then study that one against the market. Stacking two against each other dosnt do a lot. Stacking one against the market does. It let’s you understand how it stacks.

Does this help?

There was a reason, it may be a reason that is different for each person, but their is a reason for everything happening, for e.g. I have no idea why, but maybe a few of the families moved there when it was cheap, then their friends and family didnt mind the area, then a developer got wind and realised he could build it to target that demographic then the flood gates came as more and more wanted to move into that style of area.

(no idea if this is what happen, but I would say its an ok unstudied guess)