If it's a really very quick and easy job (let's say to do in just under 30 minutes), then I'd probably do it myself if the investment property was only nearby. Wouldn't really want to do it if its interstate or hours away.

Although, my preference would be to use a local kitchen/cabinet maker (using yellow pages or Google) or get a recommendation from my local property manager

Nathan – Is the property currently being advertised?

If not, and it sounds like it's not, then a good way to get in contact with them is to actually send them a mail, or a postcard. If you can get their phone number or even make a quick visit to them to speak with them directly, this may increase your chance to make a serious offer to them, and judge their desire to buy.

propertybeginner wrote:

Cheers for the input , thats what I was thinking, its in essence a self funding property which to me would make no sense as to why someone would sell it. I know such agreements do exist with people who own suites in hotels, however, its the 20% per annum thats got me struck – maybe thats if the suites are let out every single day of the year. Anyway, I'll wait till I see more, before I definitely say no, but its a no at the moment. Thanks heaps

At least it's a good lesson for you starting out, and at least you didn't dive straight into it and lose money!

If you do end up seriously considering the deal again, be sure to double check the vacancy rates/occupancy rate for the place. You might even like to visit the place yourself. I mean if you're starting out doing property investing overseas, you might as well do due diligence on it as well, and see if it really is a popular place in Bali.

Hey Scotty,

Parents can be a little annoying at times (from my own experience), and sometimes it is best to live away from them (in order to keep your own sanity, and so that the relationship is still good)

So, I'm guessing you want to live in America or do you want to invest there?

Are you currently based in Australia or are you already there in the US?

I think another way to avoid break-ins for your property investments, it helps to try and prevent it from happening in the first place. For example, when researching properties, aim to invest in areas that are safe, and have a low history of break ins and crime. To check up local criminal activity, you can typically get free reports from the different levels of government, and also even the local police can give you some ideas about the levels of crime.

Also, it helps to have insurance. This helps to minimise your risks as well just in case of any theft or damage to your property.

I agree though that adding security systems can also improve your property's security.

Mike,

Perhaps a mortgage broker could help you out?

Find a good one to give you good advice about getting a loan in Australia.

Hey dubstep, I watched the video. Interesting how small the people in the foreground seem compared to the huge tank and all the big sea creatures. Makes me want to visit it one day. I've only really visited the smaller one in Sydney so far.

Why do you like the video so much?

Hey Julz,

Eastern suburbs of Sydney  have typically more pricey properties but the demand for properties there will be good long term I think. Try and negotiate the price as best as you can!

It's all about taking that first step. Good luck.

I live in Sydney, NSW. Although my family and I are planning to move over to a larger home with bigger land somewhere towards the Central Coast NSW – want to live closer to the ocean and where it's less hectic and the lifestyle more relaxed.

I think it'd be hard to pinpoint exactly the reasons why.

One way you can find out is to actually ask the real estate agent or the vendors themselves (if you can reach them) as to the reason why they are selling. Sure, they may not tell you the exact reason why sometimes, but you'll be able to get a feel for what kind of reasons they are selling. They may just tell you a genuine reason.

Another way to find out is if you actually pay a visit to the area and ask around from neighbours or from local businesses there about their opinions about the area. It may give you some valuable insight if you're serious about really buying in the area.