Cameron,

Yah, thats a killer deal, Reno will be cheap. I would act fast before someone else snages this deal. I can’t see how you could go wrong here.

Slum Lord

Bill,

Mine are in regional centres in VIC, QLD, and WA also some in outer suburbs of capitol cities in these sates. I think once you start buying, and begin to know what you are looking for, the areas become easier to find.

I wouldn’t care to mention town names, not because of greed or anything, but because this board gets such a strong r…[Read more]

Finance has been a nightmare, just make sure the numbers are right and keep pushing, also try not to give them too many at one time, 2 at a time is good.

So any others? lots of people posting on this board, would be nice to get an idea of how they are going?

Don’t be afraid to say “0” or 1 or 2. Everyone had 0 at some point.

Slumy

Interest rates will not hit 17% again any time soon, maybe not even in our lifetime. With the amount of debt the average household has taken on based on buying property and refinancing to access equity, a sharp rise in rates would cripple the average Australian family (not just the investors). The RBA is well aware of this and would not act so…[Read more]

crashy,

“Sydney yields are around 2.7%, compared with 7.2% in Brisbane”

7.2% would be some of the best returns in the worst areas, the real average rental retun in Brizy would be far below this. Where did you get this number from?

BTW, I do agree Brizy has lots of legs left, just not sure about your rental return numbers.

You wont be able to get a loan in NZ$ from and Aussie bank.

I would also be very surprised if you can find an NZ bank that will loan an Aussie to buy NZ property with only 20% down. I had looked into ths in the past and about the best I could find was 65-70%. If anyone has gotten a loan with only 20% down it would be great to find out what…[Read more]

Thats a bit high risk for your first deal.

What happens if you can’t sell? Will you have the money and finance to settle? You could end up making payments on land with no income?

Could get messy, this is the kind of deal is realestate speculation, not investment.

Your first REI deal should be a cheap positive cash flow house or unit. Probably…[Read more]

I have run into this as well. I often then say, ok, I understand. Then ask, was the offer less than X, more then X, less then X, etc. For Whatever reason every time I do this with an agent they allow me to narrow it to a 2-5k range.

It is like they have this policy of not disclosing the price of the last offer, but as soon as you make it into…[Read more]

What sort of house/land package are you building in Rockingham? (if you dont mind)

Cost of land, house, possible rental?

Thanks

Slum Lord

quote:
Tracy,

I am interested in the idea of a network of investors in the Perth Area. Let me know how you progress. Hello to David again. I am interested in Joondalup but will sit on the sideline for…

[Read more]

Should have been more specific, I mean in regards to basic rental returns.

Thanks

Slum Lord