Forum Replies Created
yeah watch out for people giving you "advice" especially when you're starting out – i agree that they're probbly a real estate agent with a different title
Does anyone know the cost of property management fes in mining towns? Is it high too?
Is it also generally hard to find such managers since it may be a remote area?
hmmm. im looking to perhaps buy a new property to buy, Any tips for reducing any premiums and reducing the selling price?
I'm doing research on property managers too. How much are the management fees on average around Musellbrook?
Fees around my home area are about 6-8%.
I had a quick look at your numbers, and I suppose you made a mistake when you wrote Body Corporate fee : $420/wk? Perhaps you meant 420 per quarter?
For positive cash flow property investing, you need to make sure that your weekly rental income is higher that weekly expenses. It's really as simple as that
i'd agree that going for mining towns in established areas would be the least riskiest option, as opposed to those where mining companies have just gone in
well done for wanting to get started.
I'd suggest to check properties around your local area first, and surrounding suburbs as it'll elp you ease into it and you know these areas well
A mix of CG and cash flow is the best strategy for me. Thats my personal opinion
hahah your scenario really was melodramatic.
can the SFR property be anywhere in the world, or only in the US?
same. what is a boundary trap?
i'd agree that i'd prefer houses as investments due to the potential increases in the land that come with it
have you done the numbers and checked that it would actually be more profitable to convertit to commecial than just leave it as resi?
i'd be interestede to know why you want to sell it fast as well. then i'd be able to give you more relevant tips for your situation to sell it faster
While there are some good returns from real estate, be aware that there are of course some risks of real estate.
For instance, you must stay on top of your cash flow, especially when you are going to finance your property portfolio.
Hey with regards to capital gains, it helps to look at research.
Here's some of the winners and losers in terms of property prices according to the diff states overall last year.
Nice topic here.
I'd like to have a private island in the Philippines myself, or perhaps in Central America tooI don't think there would be a major crash in Australia. Perhaps some declines but not a total crash
are they still pushing a "living off equity" model?
I thought that this was unsustainable nowadays due to changes in regulations and laws that curtail the LOE model
many green energy projects have stalled in Australia, and government intervention in green energy sometimes does more harm than good
i'd be interested to find out about your discount price too