cool, thanks heaps guys/girls. i will check it all out.

nathan[8D]

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Hi Nathan

Where abouts are you situated.

Matt

“If you do what you have always done, you will get what you have always had.”

“Isn’t it time for a change?”

Matt,
I am situated 10 minutes north of Wollongong, a place called Woonona. Have you heard of it? It is on the coast.

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Hi Nathan,

We have a 2BR holiday unit in FNQ from which we get pooled income. It is managed by a good onsite manager who paid considerable money for the management rights – it is his income and he is there working you may as well say, 24/7. We paid $95000 for the unit (includes all furniture, whitegoods.) The income is seasonal and can…

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Hi Nathan,

you may find some valuable info by searching for serviced apartments in the search function. There have been several lively discussions regarding this type of investment with most opposed due to it being a niche market, high mgmt fees, difficult to sell.

Thanks Polar Bear, will check it out.
Nathan[8D]

Thanx for all of your insights guys & girls…. unfortunately the unit does not have the added bonuses of heated pools or any balconies, let alone 2 levels? Bummer, sounds like you have found better deals than I have….congratulations!! The unit is only 1 level and is in a block of seven, 4 one bedders & 3 two bedders. I am very concerned of the…[Read more]

Thanx Mel, I forgot to add that I was planning on renting it out whilst going overseas. I agree that it would be a bad time to sell in 18 mths as the property market will be a bit idle??? Thanx again for your insight, greatly appreciated….[8D]

Thanks for tour advice LR, I will check it out. I would prefer myself to go solo, but my cercumstances dont allow me to do so at this stage…. one day though, that is my alterior motive[]

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The first real step is to get out on the ground. Have you read Dolf de Roo’s book “Real Estate Riches”? He has a nice little ratio, as follows, to show that real estate is a numbers game:

100:10:3:1

Basically it means that you look at 100 houses (I’d say you’d want to look at 90% of them in person, not over the net), of those you may…

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