J and KThanks for the extra peice of information, you have all been a good help.

Hi CorieThanks for this. I only just stumbled across this now. I have been looking at realestateinvestar, btw. Will send you a personal message. Thanks for everything.Marie

Interesting. I would like to hear what others have to say about Texas, I had heard things weren't so bad over that way.

JacM – I stumbled apon one of those a couple of months ago. Silly me was just researching the area I want to buy in and didn't get my act together. Someone bought it below market value I see – more than 100k!D and S – thanks for the extra info. Also good to hear those that have had more experience than myself.Cheers.

Thanks guys D, I am the same. I wouldn't take that big a discount either.C, the property I am looking at has been sitting on the market for over 2 months now (I guess that isn't strange in this market). The type of property I have been looking for is very rare in the chosen suburb I am looking at however, so I am a bit surprised. Perhaps it is an…[Read more]

I have another question – as a newbie and all to this game of buying and negotiation – how do you ask the sales agent "why" the landlord is selling? Is there any good way, apart from just coming out and asking the question, ect?CheersMarie

Hi BevkI guess it would depend on the circumstance. Someone buying in 1990 selling today might be willing to sell for $700k instead of the $950.. esp. if they were looking for a quick sale?

JacM wrote:
So did you end up finding the property on RPdata?  Your friendly mortgage broker should have an RPdata licence and be able to provide you with the report  you require

Hi JacMI haven't found it yet as the person I have got in touch with to ask hasn't got back to me. Thanks for the info.

Thanks Catalyst.I know this one has been sitting on the market for some time. The sale price is "POA Neg", so it doesn't really help much. Will have another look at RP data and see if I can come up with anything this time.Cheers

"I am a new member to this forrum and have intention to invest in property in US.I am currently gathering information and doing investigation. After a bit of research,  I am interested in Kansas City or either Orlando / Miami, Florida and intend go over sometime in March next year. It would be very much appreciated if you could let me know…[Read more]

Hi BradI recently attended Steve McKnights seminar he held in Perth. He wetted my appetite for US property and while I was waiting to talk with him I met someone who had been investing (and still is) in Texas. He told me that the laws protecting landlords were satisfactory there and the economy was the 2 reasons he bought there. Take a look at…[Read more]

Hi Scott No MatesI think you are on the right track. I do think, however, that if the property was bought a long time ago (depending on other circumstances) they may not require full market value for the property (just one example off the top of my head).Definately need to do more research on what has sold and for what in the area – but that is…[Read more]

BadenI didn't really explain that curtain rod well. LOL. I meant to say they wanted some curtains put in, heavy ones. I decided to put a rod up so they could wear the expense of the curtain. It was a win, win – I thought.

BadenYes, hang on to the other tenant, she is a keeper. Send her some flowers or some movie tickets! I usually send a Christmas gift to my tenants but this year I am not sure what to give – we are disgruntled, and so are they. Hopefully we can put them on side but some tenants have the mindset they are helping you out and will use that to their…[Read more]

Hi BadenWe are having similar issues. The tenant we have in at the moment has issues with everything. We recently fixed a curtain rod at their request (they asked for heavy curtains because of the heat but we decided they could buy the curtains and we would fix the rod, only). They are yet to put any curtain up, though!I am not sure what kind of…[Read more]

TCL InvestorDid you manger to get your 6 positive cash flow properties?? Very interested to hear Marie

Presales.Do you mean property developments that are sold on to the public before they are built?

Presales.Do you mean property developments that are sold on to the public before they are built?

I would look at subdividing only, creating two titles. I have seen that there isn't that much land for sale in the area, so that might be a good or bad thing, I don't know. Either way it would save me money in the short term and as this is my first ever project, that I can't seem to get my A into G over, it might be the way to go.Thanks for your…[Read more]

Afternoon SThanks so much for your help. I am glad you saw this to comment on. I would love to see some of your work. Are you doing any subdividing/reno's at the moment? Since I wrote my first post here I have been looking at the sums for what you have recommended (subdividing and reno). I didn't think that the Triplex idea was worthwhile – es…[Read more]