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Our strategy is to buy within 45 minutes of a major centre in a town that hasnt been touched with the growth wand.
This means you actually have to spend many hours doing RESEARCH.
We have found examples in all states.
I met one guy who bought properties almost exclusively in Lightening Ridge NSW – Not my choice, but he is now a wealthy man. So given that – who really knows?It is like you want the best tasting Thai food, but you are only willing to try one restaurant.
Expand your playing field, and you will expand your opportunities.
Ask why you need to be close to your property.
I know lots of properties that exceed the performance of the 11 second rule, but I havent been looking in SA
The same sites that allow you to search for property for sale often allow you to search for property for rent.
My favourite trick is to ring an agent and say ” do you manage rentals?” they say “yes” I say, how many properties do you manage?” they say XX number, then I ask “out of XX number, how many vacancies do you have? if they say more than 3% of their rent roll, I know that either they are having a bad trot OR
if every agent in town tells me the same thing I ask if this is really a town I want to buy in.45k paying $86 works. Would you rather pay 27k and get 120? – This is one of our deals.
I think it really comes down to your searching.
The returns you mention are uninspiring.
Asking price does not mean sale price.
I have offered people a lifeline of half of their asking price and they have accepted it.
More and more I agree with the mantra that positive cashflow deals are not bought, they are made.
We find property on normal websites, and through realtionships with agents. Also spending some time in a small town can lead to word of mouth deals – these have been some of our best.Hi,
We have used both the airless and compressor style CIG spray guns. We recently did a complete interior with one.
We saved heaps of time, but the tip is to make sure you lay thin coats, and 10 minutes spent in taping, covering, and laying floor mats saves an hour in cleaning.We sprayed over skirting boards, cornicing etc… and taped it up to do the detail, It worked well.
Our understanding is that you can only use water based paints as the paint often needs to thinned, and an unthinnable paint may be too thick. (or could you use automotive thinners?)Jenny and Roy
