Kay there is a cooling off period in Qld, I think it was only bought in a couple of years ago.
As far as inspections why would you want to pay out for them and then find someone else has signed a contract?.
I would not blame a vendor for selling to someone else if there was no contract and no deposit.
What reason could you possibly have for not…[Read more]

It depends on the circumstances.
But you should NEVER spend a cent on inspections till they have signed your contract!, they have every right to sell the house to someone else at any time until they sign your contract offer.
On the subject of negotiating price after inspection etc, I sold a property for a good price to some investors from Sydney,…[Read more]

I`m going up there on Monday to deliver a new stove(actually two, one to Bundy also) to my tenants, I might even look to buy another house while I`m there!, but only if they meet my one second rule!.[]

The big answer is stay within what`s comfortable for you right now, when the market took off there were many stories about people make millions by leveraging to the hilt, but those days are over, you really need to think on your feet and the only real way to do that is by having many years experience. There are too many factors to consider for…[Read more]

CF+ houses are great imo, but they must be in a good location, you don`t just go out and buy due to price and the fact the house currently has a tenant.
Consider if you had 100 CF+ houses, now say for instance you buy these 100 homes and get a cash flow of whatever amount, it`s most likely not going to be a heck of a lot if you were not rich to…[Read more]

I recently found out some banks do not do a valuation at all, others do a drive by while others work on the rental income, so if you get refused by one bank due to valuation, it feels like a dead end, when it is only a hump in the road.[8D]
I bought a house for $75,000 a yr ago, which came in with a lower valuation, so I had to scrape to put in…[Read more]

I had two houses with a lot of equity which I sold and in hindsight could have waited a little longer and made better profit, but I remember the Gold Coast boom and bust of the 80`s, so I got out with huge gains and purchased a ten acre block of land in an area I wanted to live which has shown very little to this point as far as growth compared to…[Read more]

Blackmail?, I`m no lawyer but this is not blackmail, yes you would I suppose have to be careful how you word the letter, but there is no intention for you to defraud anyone, or even get the full amount you deserve by law.[]

Young.learner sounds like you aren`t approaching it with the right frame of mind, are you being blinded by science?.
There are no rules as to a high yield property not giving you great CG, it`s just that generally they don`t, over the last couple of years I can think of many high yeild dumps in bad areas delivering huge capitol gains as good as…[Read more]

Scruffy one question, did all these townfolk you meet all kinda look the same?.[8][]
Seriously, I`d be a bit wary, should the tenant move on are there many prospective tenants in the town?.
If so go for it!, but these kinds of properties main worry is type of tenant and the fact that should they leave it may remain vacant for some time, it only…[Read more]

Kay buy a business and buy stuff for it, computer, fax machine, cars, stationary, food whatever and claim it all[^]. Preferrably a business where you have to travel to exotic locations to drum up business!.
Or buy properties in other countries states where you want to holiday and claim it all as expenses.[:o)]
I may sound like a pennypincher but…[Read more]

It`s one of my fav areas and would expect it to be one of the most expensive areas in Qld down the track, problem is it`s probably getting there already, it`s definately boomed, but like a lot of Qld, it`s possible there`s a lot left in some areas.
Certain areas are becoming almost unbuyable and Hope Island could definately become that way.

Have they agreed to that?, if not I wouldn`t waste time as they may feel they have gotten away with it and may sense that you don`t want a drawn out legal fight.
Good luck, but still, I would get my solicitor to write the letter asap and salvage whatever possible right away, also legally, surely there is a way you could stop them buying another…[Read more]

I`ve found similar type properties which are going for a steal but what to do with them?, I mean if they just sit there they will send you broke.
I found a house and industrial shed which could rent for $300 a week and I could still probably get it for $65,000, but I`m not too sure it would rent, if I had spare cash I would take the chance.
It`s…[Read more]

I live in West Brisbane.
Chandler is a good spot but only 15 mins to CBD, do you know this for a fact?, good spot though.
Different to where I live, Tarzan would be completely at home swingin` in the trees in my backyard.
Ya kin almos ear the banjos in dem dar hills!.[][]

Where I live is rural and not sub dividable at present as it`s hilly with a lot of creeks and waterways, but this also has many positives (views, privacy and no traffic for miles). We even have lyre birds living in our driveway!(private road).
There have been whispers around this year the council may allow subdivision, although I have no intention…[Read more]

Nothing beats hitting the road!, best advise I can give is make sure you take the basics, mobile phone, a few pens, a notebook and a map, I know this sounds lame but when you are out on the road it`s easy to forget numbers etc and who was selling what at what price.
Write everything down as soon as you see it and even a camera for photos to check…[Read more]

Are you guys serious?, I`m blown away, the reason I ask is I own ten acres approx 25 mins from Brisbane CBD and those prices you quote just confirm for me the obvious, I always felt it is way undervalued, the boom hasn`t affected the prices the way it has in the suburbs.
My thinking has always been that it will get up near Sydney/Melb prices…[Read more]

I would not expect many properties to come even close.
I have one which was spot on the 11 sec calc but I would think this would be near impossible in the cities.
Why not just think ok price is 100k, 200k whatever and rent must be double per week, that`s my one sec rule!.
For instance a 100k property would need to rent for 200 per week and so…[Read more]

I can`t give you any advise but I`d be sceptical.
A lot of people are buying in NZ and many have said to me the price increases have been helped by “The Lord of the Rings” come on!.
Will there be tenants prepared to pay this kind of rent?.
Seems like there is a ton of internet investors over there I`d be worried about investing in other countries…[Read more]