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  • Profile photo of Simon_GSimon_G
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    October 26, 2005 - 6:09 am

    Thanks for the tips. REIWA has what I need.

    Simon

    Profile photo of Simon_GSimon_G
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    September 6, 2005 - 10:47 pm

    Thanks for the offer Kenneth, but I am in Sydney and wouldn’t be able to get there for about 4-5 weeks.

    Are you able to give me some details of this estate?

    Thanks,

    Simon

    Profile photo of Simon_GSimon_G
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    September 6, 2005 - 10:45 am

    Thanks for your input people. I will let you all know how my research and hunting goes in WA.

    Simon.

    Profile photo of Simon_GSimon_G
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    July 28, 2005 - 5:36 am

    blossomoz

    I have made recent enquires re: property managers in Mt Isa. Both LJ Hooker and Jays charge 10%. Jays will charge 7.5% if you purchase through them. Ray White charge 8.5% + $5 per month.

    I think they all charge GST.

    I have not yet purchased there but have spoken with the two managers at Ray White and they are both very helpful. They will even inspect the property for you prior to your purchase if you ask nice.

    Simon

    Profile photo of Simon_GSimon_G
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    July 12, 2005 - 7:37 am

    In relation to NRMA. I spoke with them today and the 4 weeks in rent deduction is basically them recovering the bond, as they don’t want you to prifit twice from a tennant not paying.

    Therefore, I believe they are the cheapest by a long shot. (For my circumstances anyway)

    Simon.

    Profile photo of Simon_GSimon_G
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    July 12, 2005 - 6:35 am

    Thanks Bozang,

    I rang Terri Scheer, however, they are very expensive for building insurance.

    Simon

    Profile photo of Simon_GSimon_G
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    July 11, 2005 - 11:59 am

    Thanks everyone for your replies. CGU did look good but it is expensive. I may get in touch with a broker.

    Simon

    Profile photo of Simon_GSimon_G
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    July 6, 2005 - 5:52 am

    Hi mcubed,

    I am in a similar boat to you, in that I am about to buy my first investment property. (Signed the contract today!!!).

    The best way to start is to contact a mortgage broker and get a pre-approval. That way you know if the banks will lend to you. It saves wasting time looking if you can’t get finance.

    Good luck,

    Simon

    Profile photo of Simon_GSimon_G
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    July 5, 2005 - 2:35 am

    It’s an office. Two rooms and a bathroom. It is in an area where the population is about 150000.

    Profile photo of Simon_GSimon_G
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    July 4, 2005 - 12:31 am

    Thanks for the info Richard,

    Do you know where my tax dollars would be going? Or is that a complicated issue?

    Simon

    Profile photo of Simon_GSimon_G
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    July 1, 2005 - 8:21 am

    Thanks westan,

    The purchase price is $145K.
    The rent is $255p.w (Tenant just signed a 1yr lease). The rates are $1910 p.a, and the Property Management fees at all the local agents are 10% of rent.

    Thanks,
    Simon

    Profile photo of Simon_GSimon_G
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    July 1, 2005 - 7:23 am

    Thanks Terry, I’ll look them up.

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