Thankyou kay henry and minimogul thats wonderful, ground level information that is often difficult to find first hand. Any body else with similar thoughts. We have moved throught the ideas of investing in these types of towns, now we seem to be looking at the ground level elbow grease thats involved (and difficult to find information on)Thank you…[Read more]

Wonderfull replies red wing and big ben anyone have differing opinions? Ben, what do you feel are the main concerns with maintaining a 30 year old home for another 15 years?[]
Note, for the share market puppies, maybe small towns are the perpetual bull and larger towns represent the bear, with people trying to time the trends.

thanks for the thoughts bindi, bens and jaffa. Yes, I think that the idea is reasonably sound, and if you guys are doing it, then fantastic. I guess the landlord issue is something, but most smaller towns have realestate agents that operate from nearby larger places (larger is 5-6 thousand) I guess the only thing holding people back from doing it…[Read more]

thankyou everybody, peter, j, c, etc.

slum lord eh? made me laugh.[] I like to think I have more integrity. Thank you so much for the thoughts, it brings me back to earth a little. Kind of refreshing. Thankyou.I might try to contact westan.[] for ideas.Anybody else reading? pleae read the thread and add to it. Its still an interesting concept.

NO no, [][]Im not changing it, just moving the idea forward… thanks for the interest. The whole idea is about investing in poor towns. I’ll rename it as that maybe?[^][]

Yes I agree, they are many that slowly decreasing, but on the whole, much more static. Where do people go when they can’t afford to move? nowhere.Thats why we, as investors look to the suttle signs that the town is static, i.e. the new branch of the council shire, a remake of a sports oval, new teachers put on, a new work for the dull scheme etc.…[Read more]

I totally agree peter, I am much younger than you and have had the same sort of experience. and although I am willing to capitalise (to a certain degree) on anothers misfortune, I agree that these people are often quite content. The ones who aren’t make an effort to get out. As I did. Can I interpret your message as support for my theories. I must…[Read more]

thanks for your honest thoughts guys. You wouldn’t buy all the houses in one town, you choose towns where a new establishment is going to occur, ie a new jail, a new shop, increasing the central school to year 12, suttle things that are easy to find out about. You would buy with in a region. You would buy where there is a good water supply, i.e.…[Read more]

Fair enough, the positive cash flow is what helps you live day to day, the capital gain makes you very easy money, infact, growing out of thin air (or with the birth of every new child) I totally agree with you chan, but what about the ease of these small town properties, no capital gain, some positive cash flow slightly possible, BUT you get the…[Read more]

Its not really my criteria, just an idea that I think would work well. I wonder if anybody else believes that it will. People with more experience than I perhaps. I think it is a very interesting idea that is rarely discussed. thanks for your input.[]

thanks for the interest 007, chan and others, appreciated.Your thoughts make good logic…have a look at my logic.. maybe property investors could say “never invest in a town larger than 500 people”

Thats good sense every body, and your thoughts are interesting, but in the smaller towns, as Im sure you are familiar with, the peole come from the lower socioeconomic bracket. They live in the town as unskilled workers, i.e shearers, shopkeepers, mechanics, truckdrivers,the odd couple of teachers even full time wellfare recipients etc. These…[Read more]

great reply yack. decades of persistence for most.

thanks qlds007. One query… wrapping properties in the areas I speak of is difficult. They are awesome for having a property pay itself off , but difficult to sell.. I.e a house on an acre of land in the middle of a town of 400 people. Sold for 14,000 and rent is 50 dollars a week. thus in only 5 years you have 14,000 with minimal effort, and a…[Read more]

Thankyou chan, as always for your input.

thanks chan. appreciated. I will do my best to add to this forum with my thoughts and experiences as time moves on. Be my decisions prosperous or not, I will have learnt from my actions, reading and advice from others for if the means to an end is satisfying, then the end is never reached. [^]

thankyou westan, wannabe and georgus for your advice. Much appreciated.[^]