scotty3 replied to the topic Investment in Mining Towns in the forum General Property 19 years, 11 months ago
I’ll bet your capital gains in Mt Isa are looking a lot better now, and will be even better next year! And returns are still pretty high too (higher than what you are quoting elsewhere).
Do you want cash flow or CG? Do your homework thoroughly and if you do go for another mining town, at least make sure it’s a different commodity and mining…[Read more]
scotty3 replied to the topic market resources in the forum General Property 19 years, 11 months ago
Hi Kooshti
Welcome to the forum!RP Data provide limited free suburb profiles. Check this link:
http://www.reports.rpdata.com.au/They include general population data and median prices and growth over the last 10 years for that postcode. If you want to be more specific you may have to pay some money for a more specialised report…
good luck!
Scotty3scotty3 replied to the topic Landlord Insurance in the forum Help Needed! 19 years, 11 months ago
I have a wrap in Qld and had some interesting discussions with insurers as to whether conventional landlord insurance would cover the wrap scenario. Some insurers found it too hard and didn’t want to know. In the end, I went with AAMI who have assured me that their policy will be honoured on a wrap.
Good luck!
Scotty3scotty3 replied to the topic Vacancy rates and rental strenghts in the forum Help Needed! 19 years, 11 months ago
Hi Duritz
Welcome to the forum!
As far as I know there isn’t an index that you can look up that shows vacancy rates. Your best bet is to research towns that fit your budget/property profile and then ring a few agents in the area and ask about vacancy rates. They can change fairly quickly (within months) and I don’t think any magic list would be…[Read more]scotty3 replied to the topic Info on We Buy Houses in the forum Help Needed! 19 years, 11 months ago
I am another happy Rick Otton customer. His wrap pack has worked great for me, and I would invest through him if I wasn’t so busy investing for myself![wink4]
scotty3 replied to the topic who gets depreciation on a wrap? in the forum Creative Investing 19 years, 11 months ago
Thanks Julia and Felicity. The jury is still out for me re. ‘trading stock’. Have sent another email to my accountant….
[blink]scotty3 replied to the topic Buyers agent in the forum Help Needed! 19 years, 11 months ago
Try searching the net?
Cheers,
Scotty3scotty3 replied to the topic Help on investing in Storage units in the forum Help Needed! 19 years, 11 months ago
Hi Bernie
I looked into these units on behalf of investors a while ago. There is no real data on the true value of each unit, so unless you want to commission a valuation (quotes ranged around the $1600 mark) you don’t know if you are paying an inflated price for them. I suspect you may be because I also researched what the true rent return on…[Read more]scotty3 replied to the topic Advice for a new spotter in the forum Help Needed! 20 years, 9 months ago
Originally posted by SteveMcKnight:
Hi,One of the soon to be released additional features of this site is a system whereby people who know of deals can advertise them within strict guidelines which includes giving an initial outline of the numbers.
This is will be a paid service (something nominal, say $20 per deal) for the person submitting…[Read more]
scotty3 replied to the topic Location of IP’s in the forum General Property 20 years, 9 months ago
Easy – can’t afford and/or returns are unsatisfactory where they live.