Nice one Howard . Yeah I see more and more now just how important the deal you do is and plus it helps cover your butt .I mean what a 100 grand before you've even started , lot of mooler isn't it  !  I haven't done many compared to most here but it just amazes me the power in whatever deal you decide to do at the start.Watching a few people I've c…[Read more]

Hi Spunky.You bet it's worth it . Offer anything you feel would be at the bottom end of reasonable in 6 mths from now and then minus some again .Yep you might get laughed at , tough , but eh not so tough when you get the old phone call .Don't go paying some silly price now whatever you do, asking for trouble . There's still plenty of sellers in…[Read more]

Hi Winzer.Just do what I've done twice now , believe me it's no big deal if I can do it .Advertise yourself , find buyer , do deal , make sure his sure , if alls well deliver to your solic' , go home , solic' does rest .Same buying , find house / owner, whatever , make deal , hand over to solic' , they do rest . Your money or properties in…[Read more]

I love flats not that I own any but I hope to one day .Personally I think flats still have a good shot as they're are so middle to lower road which will be a bloody nice place to be for quite a while to come now I'd say .I had the op' to buy a block of 4 , 10 yrs back at Moe , Vic . Then well CFP and the deal made it poss' that I could have…[Read more]

duckster wrote:
I own a pre fab house ex housing commission and it holds up well in value with the other houses in the suburb that are not prefab.What I have found is that the steel frame and solid concrete walls makes the house extremely tenant damage proof.In the case of a fire there is no wood in the roof or in the walls to catch fire or be…[Read more]

Yeah plenty of both all the way along the Great Ocean but I'm not in that bracket – one day hopefully .Abit iffy with all going on eh Tony , scary times alright . I think if you buy right and only stuff  that you can add too by a reno , duplex , corner block and a flat at rear , divide or in someway, that will also rent well if stuck , you can do…[Read more]

Tony B wrote:
MisterGreat stuff Im glad you got a good deal. I agree you do have to work to find a bargan and some people dont like to do the hard yards. Mate, I noticed a lot of talk on this site about now being a time of uncertainty and people hanging off buying, the worlds shit about to hit the fan etc. so it could be agood time to make an…[Read more]

Tony B wrote:
Mister & othersI totally agree with John re. discounts on listed prices. I may add I found out the hard way. Two offers I made on property I really liked, both cash & unconditional but with a 15% off listed price got sold for listed price. I now start again to look for another , may take 3 or 4 months to find a suitable…[Read more]

TheYoungInvestor wrote:
So should the property investors in sydney wait for a couple of more months before the prices really drop? Or you can start buying now because it's the right time?I keep getting confused is it the right time to invest or wait?

Don't worry it's confusing for anyone right now .I actually came back to soften this post but…[Read more]

god_of_money wrote:
It is like buying Babcock and Brown or Macquarie Bank at their heights….The question is : Can the rental price sustain A$ 1300/week for the next 10-15 years?Sure it is cash flow +ve for now.. but how about in the next 2-3 years…. ???Dow Jones Future Commodities index took the worse decline in the last 50 years… and…[Read more]

alani wrote:

Mister wrote:
I chuckled after posting this question though, I must have been the only person in the country offering anything on anything last week of all weeks .Cheers

your not alone, trust me! if your a true PI, you would be doing your best to buy at least a couple of IP before the years end, obviously 15% below the asking…[Read more]

businessglobal wrote:
I believe in gold and for thousands of years it has always stacked up, also I watch where the wealth goes in the ethnic communities and learn from some very wealthy chinese and italian migrants and gold is where it goes when shares, stocks and currencies are in trouble and not guaranteed.So Im putting next week some cash…[Read more]

Ooow that was sooo sweet – accepted guys , me one happy puppy.Four blocks for , well I won't say it's almost embarrassing . John , John , John , not even going there mate but are you for real. As many others here would know many many times over, the problem isn't finding opportunities it's narrowing choices down and choosing , that's the beauty…[Read more]

chrislang wrote:

Jon Chown wrote:
As to your 20% below list offer – you may well think that it is a good price (for you) but I can assure you that as an agent, it would not get me jumping to help you. RP Data have an interesting calculator that shows the average difference between Advertised price and actual sale price and in the area that I…[Read more]

I know everyone's been saying gold for 12 mths but I don't trust gold . Maybe a few quick spikes but I don't think it's going far from here let alone the 1100 business .Owell , I've got my hands full nursing RIO at 108 so I wouldn't listen to meCheers

The age old question ATM . Been asking it myself for mths . I've come to the conclusion that no one knows , been amazed at even the totally opposite views with even the experts so you have to tell yourself .Here's my solution .Look at your area – what's it doing and why . If it's stagnating then the next move with everything else going on is…[Read more]

Hi.Finding owners gonna take your PI shoes , I've asked the same thing . Someone here suggested somewhere in a post , ring the shire , say your the neighbour of that place and you need the owners contact for fencing problems. Give that a try. Or ask around casually, someone around there will know them , don't tell them what it's about though .But…[Read more]

Jon Chown wrote:
I chuckled after posting this question though, I must have been the only person in the country offering anything on anything last week of all weeks .Not at all, I sold two last week and enquiry from genuine buyers has increased quite a bit. Good properties priced well are still selling to genuine purchasers.As to your 20%…[Read more]

Thanks for those replies guys .It is a cash and quick settle offer , not all that rude either really . I  mean right now if your not offering at least 20% lower you shouldn't be buying in most cases I don't think so considering that it's actually quite reasonable .I chuckled after posting this question though,  I must have been the only person i…[Read more]

Jaffasoft wrote:
I'm looking at deals that will rent positive cash flow from day one. Secured one and the other needs work til +cf, there also one's that can be renovated and sold at anytime when ready. If they are houses that are renovated and all done to the last finishing touches then agent are confident of buyers in the 140k-200k range.…[Read more]