Whilst I also agree in trying to get pre-approval first, if you have foud a good deal and dont want to let it pass you could put in an offer subject to finance if the vendor agrees (in fact in WA this is common and standard wording in the contract).

I purchased my first IP with pre-approval in place, but 2nd (in WA) without, but ST finance by a…[Read more]

Hi SG

Though 3 weeks ago, I did the SYdney Masterclass, so hope this will (still) count as a post?

I can recommend a resource from Dale Gatherum Goss called “Trust Magic”. DOn’t have hi website to hand but can be purchased through BUsiness Mall or check out the back of API Magazine.

Cost is $100 – treat is as advice – and gave me a good feel…[Read more]

Hi Vernon

YOu might like to try Residex – they sell reports on growth / rent return for various postcodes / areas.

Not sure if they cover WA, but worth a try on their website.

Property Investor MAgazine also run articles each month on various areas on each state, so subscription might be worht it.

Hope this helps!

Rgds
Peter
[cap]

I would ask owner of te adjecent unit whether her unit is different from yours where it might command a higher rent, for example:

* It could be a lease-option
* Perhaps her unit is bigger size bedrooms/living area, better layout, has an extra car space or have built in robes where yours does not etc.

If units are the same ask who her agent is…[Read more]

JJ&Jo

I have been asking myself the exact same question!

I would say it IS possible even in a flat market but it will come down to how you structure the wrap deal.

If you are looking a short term (5 year) wrap, be sure to identify an area with reasonable growth to ensure your wrapee finishes in front.

If a long term wrap (up to 25 years) the…[Read more]

Hi alee – welcome to the Forum

I have also bought property sight unseen through a Buyers Agent.

The Buyers Agent conduted the initial search and due dilgence and provided photo’s etc. I then organised a building inspection to be done.

I did however go with them on their first purchase for me, so had a level of confidence in their service.

It…[Read more]

Hi Steve

I am a new member to the site – and about 50% of the way thru your book …. and Im hooked !

My wife & I have just bought our first (negative gearing) property – will cost us about $30 per week to ‘own’.

AFter just half way thru your book, I already know our next step needs to be for us to seek out a positive cashflow property (or…[Read more]