I agree Freckle. People have relied on Capital Growth to sustain their property portfolios and in a stagnant market people are going to have to sell because they used their capital to cover the mortgage payment short fall. This has caused an increase in properties being sold with very few buyers in the market due to financing difficulties. I know…[Read more]

Electricity should be connected and paid by the tenant. If you're concerned about the property not being rented yet, give your agency a call/email to find out what is going on.

How much cash flow do you expect to get?

If you know a real estate agent then they might give you access to RPdata or Pricefinder. You can subscribe to these but it gets a bit expensive. Are you looking for capital growth?

It really depends on what type of strategy you are going to use, eg, development, cash flow, renovating, flipping etc. Until you have a clear goal and objective then your just going to go around in circles. What type of strategy where you thinking of?

Seriously looking at renovations after the Block auction results and the money they lost in this market (not taking into consideration advertising)? If you take the plung let us know how you go on the forum.

If your aiming to rent to uni students then look at something like a Uni lodge. You can buy the property and it is managed by an onsite manager and each room it rented out to uni students. This resolves a lot of the common issues that Shape discussed. You may even be able to live in it because your in Uni yourself. There are generally great…[Read more]

Talk to Vic state revenue office directly to find out exactly why and what cause they have. This way there won't be any miss understandings and you can verbalise you concerns to them. Be proactive and get it sorted out quickly.

If you rent the property out you are still short $620 a month from my rough calculations. If you are unable to cover this expense and other outgoings then you NEED to sell. Even if you loss $10,000 on the sale the repayments on the loss will be less than having to cover the short fall on the property (example 10% interest on $10,000 = $100 a year…[Read more]

Marsellos Pike real estate, Caboolture Realty or Richardson & Wrench probably have the larges rent rolls in the area so I would talk to the property managers at these agencies. Let them know exactly what you expect out of their services and confirm that they can deliver them for you. Most agencies have a you bound with their contracts though so…[Read more]

You can register with Pricefinder or RPdata. They have information on recent sales in areas, this does cost money though.

There are 3 main areas you need to focus on to sell it quickly, they are: Price- make sure it is not over priced!Presentation- make sure it is mowed, cleared and photographed well. Promotion- get it on realestate.com.au and other great real estate website, put a for sale sign up, but don't worry about the paper, you're just wasting you money with…[Read more]

Why not pool your money with you brothers and buy in Sydney? That way your brothers could be paying rent/payments with you and you would still get the benefit of it being an owner occupied resident. Two is always better than one and three is even better. Only do this if you really get along with your brothers and stipulate what will happen if…[Read more]

You really need to market your property (land) on realestate.com.au there plenty of agents out there now only charging to advertise on these sites. http://list-on-realestate.com.au/ is one example, do a google search to find more it only costs around $295. Money well spent for the coverage you get.

PPOR – Principal Place of Residence

ROI – Return On InvestmentFSBO – For Sale By OwnerGST – Goods And Services Tax CPI – Consumer Price Index (Used to work out inflation)JV – Joint VentureCF – Cash Flow

Tip 1/ Be friendly when you approach her.Tip 2/ Don't top visiting her. If you do she will feel used and less likely to contact you when she does want to sell. She may also let her friends know you are looking buying giving you more opportunities.Tip 3/ Offer a cheap rent back deal or even free rent if you really want it.My guess is that you are…[Read more]

Great website! I have referred it to some other investors. I can't see the post you are referring to? Maybe use the exact link.

larrytheinvestor wrote:
Can i ask what sort of properties do you go for? Do you aim to purchase cashflow positive properties or do you aim to renovate the property to make it cahsflow positive or do you just aim to fix it up and sell it for profit using rent to lessen the amount you have to pay on the loan?

Work with your strenghts. I am…[Read more]

Wattoette, sorry to hear about the insurance deal, I am sure there is a more reputable providers out there. It might even be worth starting a thread on this topic for others. Yes I am aware that property doesn't always double every ten years, it is a rule of thumb (so the professionals say). As i have learnt from the past don't rely on…[Read more]