P Soares replied to the topic How much is your real estate agent’s commission? in the forum Help Needed! 12 years, 4 months ago
Agents in the area I work in are generally charging 1.5-2% + GST, and another $1,460 into advertising. I know some other agents in the area charge up to $4,000 in advertising.Running ads in the Domain Leader magazine can be quite expensive, just a quarter page ad hits over $320 per week.
P Soares replied to the topic Wiley Park, Lakemba & CBD unilodges in the forum Help Needed! 12 years, 5 months ago
I understand that serviced apartments have no capital growth but all I'm aiming for at the time being is cash flow. I found 2 which return 11% each after all expenses and that is including strata (whooping $1,100 p/q!) and other fees/management.After some rough calculations I would be making around $4,000 extra cash p/a (with a 10% deposit,…[Read more]
P Soares replied to the topic Property manager not paying us the rent ! in the forum Help Needed! 12 years, 5 months ago
You could go through the local tribunal instead of spending money on lawyers / court. I suggest you go into the office personally and confront them about it and also mention taking the matter to tribunal.Good luck,
P Soares replied to the topic How to get foot into the door in the forum Help Needed! 12 years, 5 months ago
Welcome,If you don't mind me asking, how well have you handled your money in the past/currently. If you can put away $250 each week religiously for 3 years that is $39,000 you'll have in the bank NOT counting in the interest you get on your money!Saving for a deposit is the hardest part. A lot of finance institutions and banks won't lend you (at a…[Read more]
P Soares replied to the topic OTP Apartment as my first IP… in the forum Help Needed! 12 years, 5 months ago
@ FirstTimeInvestor,<moderator: delete advertising>I find OTP apartments to be very risky but some can be worthwhile, I unfortunately missed out on a great offer back in late 2010 with brand new 2 bedroom apartments in Kingsford being sold OTP for $460,000.. they are now being rented out for $520 per week and their resale is up by about…[Read more]