My advise to anyone looking at any of these companies is to understand what they are buying. You need to understand what price was previously paid for the property you are looking at buying. I have looked at some buyers agents operating out of Australia and the properties being offered. The first thing I do is type the address of the property into…[Read more]

I have also used the services of Mike and Bron in Atlanta (toprentalreturnsusa.com) and am happy with the service. In my opinion a much better option than some of the other groups quoted in this post as they buy direct from the foreclosure market and add a fee which is disclosed and reasonable. There is no "flipper" middle man adding tens of…[Read more]

I have come across all 3 companies you mentioned.I am not going to comment on any company in particular but I suggest that any property you are considering purchasing you look into the sales history.Many buyers agents are teaming up with flippers in the US that buy properties supercheap from the foreclosure market, spruce them up with paint and…[Read more]

I have now purchased 3 properties through Mike and Bron.  My first purchase was made late April and the property has been tenanted to a section 8 tenant who moved in several weeks ago. The section 8 process takes longer than the open market tenant. Section 8 is govt assistance (so basically the govt pays the rent). Its great in that I am…[Read more]

no problem feel free to drop me a PM

Hi Moggiee,I recently purchased a propert y through Michael and Bronwyn. Although its early days still I have been really happy with the experience. My property settled late April and renovations are being done on the property at the moment. I thought that if I was able to have it tenanted 4 weeks after the reno was complete that would be a good…[Read more]

I would even settle for 70% LVR, but need a competitive residential rate, any suggestions?

Can anyone tell me what LVR Bankwest will do on a block of 5 units on 1 title in a large regional town of WA? Also up to 80% do they use in house mortgage insurance or PMI or GE?

Thanks in advance for any responses.

Also are they strict on serviceability?

regards,
Karina

Hi Meak,

I posted my story on the somersoft form. Here is the link if you want to read it.

http://www.somersoft.com/forums/showthread.php?t=21333

Good luck with your investing
Karina

dazzliing,

Am telling it how it really is, one of the tenants had left town and is working as a teacher they tracked him down and repossesed the property today as he had made promises to pay but never did.

The other tenant left voluntarily after being told to leave so it never ended up in the courts.

Insurance I have it for some of my…[Read more]

Geraldton prices were ridiculously cheap 12 months ago. The cheapest I bought was 3 br brick and tile , renovated for 63k , rented for 125 per week (probably get a bit more now in rent), agents reporting that price increases have slowed down in the top end of the market, anything under 250k still selling well.

I still think they are good value,…[Read more]

This happened to me yesterday. I saw a property that was well priced and offered full price knowing it would sell quickly. Asked for a 7 day finance clause and 2 days for structural building inspection.

Property has just been listed on the internet on Tuesday and I signed contract Tuesday night. Askeed vendor to present offer next day, my offer…[Read more]

Hi Selena,

I have been buying property in Geraldton since Janruary this year. There has definitly been a jump in prices since the beginning of the year.

My experience with Geraldton has been great. I have over 10 properties there and they are all rented. The rental market is very strong at the moment.

Have a look at this website great…[Read more]

Hi Mgr,

My thoughts you would be crazy to pay someone else 50k to find you some properties.

I bought in redcliffe a few years back and yes it is a great place. It really is not that hard, get yourself on a plane if you are not a local spend a few days there, inspect every property in your price range, make some offers (negotiate hard), speak to…[Read more]

Hi recoveryman,

I didn´t know the mag was out yet. can you tell me what info it provided on Geraldton?

Here is a great article on Geraldton also from the mid-west economic policy summit. Best info I have found on geraldton.

http://www.economicsummit.com.au/ (click on the speakers notes)

regards,
karina

Steph,

I think those of us investing understand that areas like Kenny Cres (Rangeway ) are the lower socio-economic area of town. In all locations there has to be the bottom end of town. Not everyone can live in the good parts of town.

Obviously there are better areas in Geralton , Mt Tarcoola, Mahomets, Bluff Point etc….and as an investor I…[Read more]

Russ,

Appreciate you live locally and see things from a different perspeective.

Can I ask where you are investing at the moment?

I too was reading the book and found the examples to be almost impossible in todays aussie market. I did read a book though (Australian) which I thought was fantastic about aussie success stories.

It looks at 12 “ordinary millionares” that made there fortunes through property investments in australia. They all took different paths, som positive,…[Read more]

recoveryman,

I am still buying there also. I have 2 more places under contract (again with a delayed settlement)

What has been your experience with the Tasmanian property? I am kicking myself for not buying there.

k.

Hi Russ,
You sound like a local do you live in or near geraldton? I have done my homework on Geraldton and am well aware of the reputation surrounding some of these suburbs. This is why I took the time to contact every real estate agency in town and most importantly the ministry of housing. The message I got from them was that they will be selling…[Read more]