Thats correct finance companies that handle forclosures hand ball all there properties to realestate agents in the given area to sell so as to ensure the highest amount is gained from the sale in the public domain. I don't believe there is an accessible list out there available to the public for obvious reasons. Can you imagine the 60 minutes…[Read more]
Dont forget capital gains, if you dont build and sell when it isn't your primary residence this how it works:I bought a residential block of land for 150k land sold it for 235k two and a bit years later. My costs for maintaining the property and realestate agents commisions stamp duty etc was $12kNow the way capital gains work s on land in v…[Read more]
Thank you for the very extensive responses, they are now be kept in my arsenal ready for battle with realestate agents .it leaves just leaves me with one silly question is the discount rate the percentage figure that the property was discounted overall i.e property was listed for $400,000 but sold for $360,000 hence the 10% discount figure?What…[Read more]
Many thanks for the replies and internet sites to visits for assistance with PI. We are looking at suburbs that will essentially be clasified the next inner city suburbs in say 10 years time and like most want to get as much bang for our buck as possible. The suburbs i have been looking at thus far indicate a 13% growth long according to…[Read more]