Hi tychin,
Welcome to the forum.
I had looked at the opportunity sometime last year but dropped the idea due to the following reasons:
* Limited capital growth
* Low LVR (around 65%-70%)
* You cannot do anything with the investment but lease it to the caravan park management
Hope this helps.
Sanjiv
*******

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Full marks to Mr Morgan Vicks for trying.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

good one, mate!

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi as41,
I like to do conservative calculations and use rent before any expenses and price of the house including closing costs.
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi celeste,
A job well done, conratulations.

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Firstly, welcome to the forum.
Nothing stops you from property investment on a part time basis. In fact most people do it that way until they are able to generate enough cash flow for financial freedom.
What you have to do is to use LEVERAGE, that is, build a team of experts around you that can help you achieve your property investment goals. You will need to do the hard yards initially to set up the structure and team but after that you should be able to do it on the side.
You could use companies like positiverealestate.com.au to find properties that meet your criteria and inform you.
Hope this helps and good luck with the investments.
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi Sharif,
It depends on what your investment goals are. Are you looking for capital growth or cash flow? Are you looking at Melbourne and surrounds only?
If I were you, I would be looking at opportunities in other states as well as you can find better cash flow.
That said, of the 3 properties you listed, I will probably go with the property in Melton. I think Melton is undervalued compared to some of the surrounding suburbs. You also need to take into account the age of the property, land size, etc.
Hope this helps
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi ginag,
You can try http://www.realestatemagazine.com.au/
Its an online magazine that has rental and sales information for all areas.
You can subscribe to limited edition free of cost but unlimited access will cost you $99.
Hope this helps
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi lesleyk,
Agree with bridgebuff.
You should look at replacing the roof and take the asbestos risk-factor away from your investment. As you mentioned, it allows you to do other things like adding skylights, etc.
The other thing you can do is negotiate with the current vendor and try and get a reduction on the purchase price due to asbestos roofing. That will hopefully reduce the gap between paint job and replacing the roof.
Lastly, do not rely on one quote for painting and replacing roof. You should get multiple quotes to get a good indication of the cost.
Hope this helps.
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela

Hi trajik,
You can try Source Finance Group (www.sourcefinancegroup.com). They are based in Southport, QLD.
I have financed few properties in a trust structure with them.
Hope this helps.
Sanjiv

“There is no passion to be found playing small – in settling for a life that is less than the one you are capable of living.” – Nelson Mandela