Hi Darryn,

Maybe a good suggestion that a site like this one could host some sort of contacts or oportunities page that would bring investors – developers – builders and bird-doggers together.

Mary.

Kay,

I think it all comes down to cash flow. When you’ve borrowed 90% of the purchase price of a property (as most investors will if they can) then the percentage of the loan repayment covered by the rent is pretty important. With interest rates at 7% and rental income in Sydney running at 4% that’s a 3% loss you’ve got to cover (1.5% on a good…[Read more]

When My fiance & I bought an IP we had $50K between us as deposit.
We really wanted a house to live in but even back in 1997 in the Sydney market we were looking at $400K for what we really wanted.
So we bought a small 2BR-SLUG IP for $215K and continued to rent a 3BR-DLUG townhouse that was big enough for us and the impending kid.

When we sold…[Read more]

Hi,

My pet hate is real estate agents.

I’ll live without them whenever possible. They are only working for one person – themselves.

The only good experience I’ve had with an agent was getting one to find me a tennant. They did all the background checks, found me a good tennant, I paid them the first two weeks rent and then they left me alone -…[Read more]