Total Members: 159,206

johng

  • johng replied to the topic Boarding Houses in the forum No Subject 18 years, 11 months ago

    Terry. where do you find 7% return in Sydney that is not in boarding or in commercial?

  • johng replied to the topic Boarding Houses in the forum Help Needed! 18 years, 11 months ago

    Giddo

    Have a look at my new post. I am new to this forum business and posted a new topic instead of a return!

    I have copied and pasted JohnG’s post below – Derek

    I’ve lived in the ares all my life. Summer Hill is 7kms from the CBD, 10 minutes by car and 7 minutes by train. Great area that is seeing more and more growth as families move in. The…[Read more]

  • johng replied to the topic Boarding Houses in the forum Help Needed! 18 years, 11 months ago

    16%-18% Gross does not happen in NSW or at least I am not aware of it!
    The building is 3 years old and is brick. No management costs as I will be collecting the rent myself.

  • johng replied to the topic New guy in the forum Help Needed! 19 years, 2 months ago

    Thank you to all. You have been a great help!

  • johng replied to the topic New guy in the forum Help Needed! 19 years, 2 months ago

    I guess what I need is a starting point. A state, a region, an area. Something, so that I can get out there start talking to agents, start applying the 11 second rule etc. In short I need to start getting some experience in this new field. Any advice?

  • johng replied to the topic **PropertyGuru**&S.I.S New Positive Cashflow Rule! in the forum No Subject 19 years, 2 months ago

    Where do you find IP with a 10% return?

  • johng replied to the topic New guy in the forum Help Needed! 19 years, 2 months ago

    I’ve just bought my first property for 775K. I owe 500K on it. It is leased at 600 a week. I earn 90K and my wife earns 40K. we do not live in it. my contract at work insures that i am given a hous to live in for the next three years rent free.

johng

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