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Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    September 5, 2003 - 2:48 pm

    Hello May,

    Will Orange property give you positve cash flow ? If so, what’s the yield ? Can you afford to let it vacat for more than 4 weeks a year ? Do you need to visit your property once a year – it will cost about $200 for petrol and overnight Motel. If you add all this up, it problely willn’t give you any positive cash flow.

    If you go for the Coastal property borrow $200k, can you afford to pay the mortgage without give yourself extra stress, and for how along ? What about the Size of the Land and the Position of the property, and all other facts drive your captial gain ?

    If I were you, I would go for Raymond.

    All the best.

    Jason

    I do my homework and also pray, God is my only trustworthy help.

    Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    September 5, 2003 - 2:25 pm

    Hello Huey,

    I think you should go to see your solicitor if the PM willn’t let you terminate the Agreement. I think the Agreement/Contract is void as your PM breached their duty of care at the first place. I am not a lawyer, but I studied Contract Law and Agency Law before, you also can find out more detail from any Commercial Law book, just to equip and protect yourself.

    Huey just don’t give up, since you have started and thing can never be worse than you currently have, it can only be become better and better as you become more experience in property investment.

    All the best to you.

    Jason.

    I do my homework and also pray, God is my only trustworthy help.

    Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    September 4, 2003 - 1:05 pm

    Hello Native_Metal,

    To my experience, rent is realy market driven, not of how much you think but how much people willling to / afford to pay.

    The best way i think is to check the local newspaper real estate rental section. or local real estate agents.

    Jason[:)]

    Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    September 4, 2003 - 12:52 pm

    Hello Stoph,

    I don’t know whether you have tried:
    www.property.com.au
    After you click the detail of the property you select, there is always a icon “area stats” it tells you much more detail of the area in graphic.

    Try once to see, if you havn’t.

    Jason[:)]

    Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    September 4, 2003 - 12:21 pm

    Hello Patricia,

    I totally agree with you George, I also did my home work, I couldn’t find any +ve CF property not only in East Coastal NSW, but also WNSW such as Bathurst, Dubbo, Narrandera and so on. Property price in these areas are skyrocking. The agents are reluctant to give me a response.

    George can you let us know which regionals did you go through ? so rest of us willn’t waste too much time go through again.

    Jason[:)]

    Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    August 29, 2003 - 4:16 pm

    Hi all,

    My name is Jason, live in Sydney. My situation may be bit different but we are all common in search for Fiancial Freedom. I just finished my dinner with wife alone at a Chinese Restaurant, it’s been long time since last. I am going to be a father of two next month. It will then be extramely busy, I will be the only bread winner.

    It’s bored been an accountant, i did Bcom at Macquarie Uni. Although I’ve got my CPA this year, it doesn’t provide any help to step up the corporate ladder in a corporation with so much ‘Politics’. I can ONLY see other people’s back up the ladder. Can not afford resign and to star property investment as starter/learner as we do not have much savings.

    I am problely the first person bought Steve’s book on the day after Channel 7 Today Tonight’s report and have finished reading. Then I started doing the research. But such high property in Sydney and any area within 150km around makes it impossible to find any property that fit 11 second rule. Can not afford moving to another state or driving to far more Western NSW to resear for a deal, I am wandering what I can do to make it start.

    Can anyone help ? Is there any successful/experiened Property Investor could share your experience ?

    Very much appreciated. And thank you for your time for reading my story.[?]

    Profile photo of jzjz
    Member
    @jz
    Join Date: 2003
    Post Count: 7
    August 14, 2003 - 1:17 pm

    [:)] Hi,

    u can find out more on http://www.asx.com.au under List Company / Company Annouancement, their asx code is VWD.

    Cheers.

Viewing 7 posts - 1 through 7 (of 7 total)