Forum Replies Created
Hi Freckle
2 of the units have been on the market for 6 months.
A 3rd not quite finished, told the agent, I'm not giving them the contract to sell until one of the others sell first.
I know he's had some positive people thru, even had a verbal offer on the unfinished one, [ $10 k less than asking price] during a home open one saturday . Was away at the time, he rang me interstate with it. As, there was no contract available the offer was withdrawn on the Monday.
One local couple were interested in purchasing the block, came thru 3 times, but went no further.
Many people have actually been thru a couple of times.
Getting 2 or 3 phone enquires a week and they have turned into inspections, midweek.
There is no emotional attachment to them, just waiting for the offers so I can move on to the next.
Thanks, Freckle for your feedback.
Cheers
Rob.
Hi D,
Looks great, it make a big difference, rather seeing a cold empty house.
I have a block of units on the north coast, which I'm selling off 1 by 1.
They appeal to the retirees, small 2 beds and I have dressed it also.
Getting positive comments, even some potential buyers asking if I will go shopping with them,
Have said the furniture can be purchased with the property.
Unfortunately, they are still on the market and not one has sold.
The agents agree that it is priced right
What other incentives have all you guys put out there to attract a buyer, other than dropping the price.
Love to hear from you
Cheers
Hold your position, you're almost over the line.
Ask them , like Joe says above "Why they won't allow early access"
Explain to them, that is your best offer and can only work for you if you have early access to complete the work need doing and get a tenant, otherwise it will cost you more money in lost time
The best ones are worth the persistence
Cheers
Hi Guys,
Looking for an update from those of you, who did Dominique Grubisa, real estate rescue course.
Can't find any details about it.
Was it worth the money,
Are you still doing it and making money 12 months after , the course ???
Found Wayne on youtube, telling us about his success.
http://www.youtube.com/watch?v=PE1EzPYeiHw
Doing really well, Congrat's
Did notice Wayne is an "Independent Real Estate Professional "
Not sure if that means ,he has inside knowledge for repossessions, or its just a fancy way to say , He's one of us.
Cheers
SherJava , if you are referring to Aust property, I would love to know how you go about purchasing it before it goes on the open market..
Cheers
Hi Matt, I am looking at the same thing, noticed the properties can be located easy. Not all council accept relocatable houses. So before buying the block, check with them to see .
Cheers
Thanks Derek and Xdrew,
The subdividing I did in WA certainly was profitable and I found little resistance from councils.
In NSW at the moment doing a strata, so returning to Perth is not out of the question.
You are right Xdrew, I am eager to claw back to where I was and in doing so could possibly put me at greater risk, with an area that I'm not an expert in.
Rob .. from someone who fell on his sword once (i.e. went bust) .. i'll say what needs to be said.
Take the sword out of your body .. wipe off the blood .. and get on with it. No excuses.
Thank you for the kick up the butt, this is why I follow this forum.
Its great to get direct feedback from people who have been in similar situations
MetroStrata also have good designs for strata blocks
Terry, if you want to get the profit into your own pocket, you once again have too pay tax on it again. so where is the advantage
I agree with aussierogue
I’m also in a similar situation, Just build a big house which cost more than expected and now a morgtage of $250,000 and equity of $400,000 tired up, due to servicability. Would have to wait years before able to borrow again.
I’m going to sell and rent, then take an aggressive approach in developing some units, to build up a portfolio of cf+ps. I consider myself lucky as I have a carpentry background and have already build 2 houses for myself in the past.congrats Andrew & Sally
sounds like you have done very well
By using the 900k as 20% deposit, you would end up with 4.5 million worth of properties. That would keep you busy just trying to spend it in the country areas. I would pay some of that
-geared property off to bring it back to +cf.Hi Guys, this is a first for me . I’ve been sitting on the sidelines for a couple of weeks now, I think this is a great topic. I’ve spent the last 3 years building my dream home, which put me deeper into debt and have been feeling the weight since the day I moved in. Since reading Steve’s book Im now thinking why not sell, grab the $400,000.00 from the equity and buy IP’s. Being single I do have that flexability and a $650,000.00 house when you are single, is only that , a house not a home.
