This is number 2….already thinkin bout number 3 (or at least how to achieve it)….thanks for all your encouragement and comments over the past few weeks, this forum has given me so much more confidence in what I’m doing.
Thanks for your replies guys, it all helps and I will certainly ask more questions of the respective PM’s in the town (there is about 3). I will have to think more into Landlords Insurance as I agree if the PM is any good, the risk should be relatively low and it would be a risk I would be prepared to take if that was the case. cheers suzieq []
So far it looks to me like you’ve made good decisions ……based on your 2 Perth properties that is. I don’t blame you for being nervous but if you’ve done your research and feel comfortable with the place ….why not? My first IP is Fibro/Asbestos roof, but lovely little cash flow pos earner (and thats all I want from it as it is not…[Read more]
Just to add my comments, I agree with all of the above. Its amazing what you can do if you need to and kids have certainly had a lot to do with our property investing. Our boys 8 and 10….Our goals – pay for a private education for them, educate them in smart investing not working your guts out for a wage, showing them that we have the…[Read more]
Have you looked at Sooshie’s links…there are a lot of great research web sites there, also someone gave me a good tip – once you have a property in mind ring the local police to check the area/street out. Not sure about Geraldton, haven’t done any research on that one yet…prices appear good on the surface though, I would check…[Read more]
bc I rang the agent – she said she hadn’t heard back from the vendor, then said “are you staying with that offer?”…..wasn’t sure what was meant by that but I said “yes and ok we’ll wait and see what happens, hopefully we’ll hear tomorrow”. So now sitting tight until tomorrow!!![xx(] sq
Allan, have you considered purchasing the home your living in from GEHA? Take a look at their website (not sure which state your in), but in WA I know that if you are living in a government house you may qualify for a Tenant Purchase arrangement….look further in to it, their must be a way…..and of course once you buy your own PPOR and equity…[Read more]
I have placed a counter offer which has been in since Friday of last week and still have not heard a dicky bird from the agent – don’t want to appear to keen, but should I ring her and ask her whats going on or should I just sit tight…..any comments from anyone would be appreciated.
Thanks heaps lynnem…..yeh the crops are lookin good out our way…..keep the farmers happy, they keep the town happy which keeps employment happy, which equals a happy IP owner.
I’m fairly new to this stuff too but having made the plunge into IP’s for the first time 4 months ago lets say I’m hooked and becoming even more creative. My tips are similar to what has already been said …….thinking outside the square (which in your position you need to be) is my biggest tip, as that is what got me eventually…[Read more]
Thanks guys really appreciate the feedback, offer is in at $45,000 – waiting for them to come back now…..mmmmm sitting tight. Have asked father-in-law to help with shortfall but would be nice to pay him back quick so hence was greatful for the advice of the reval once the reno was done and re-finance in order to pay him back quickly in the hope…[Read more]
Steph, glad I made your day – would love to catch up with you when you return.
My husband and I already have two kids (8 and 10) so we are doing things the other way round – actually travelled the UK/Europe circuit backpacking with them 2 years ago and wouldn’t like to be spending too much time in London (depressive one would think!). After…[Read more]
West Aussie here……no wonder you want to come home and where else better to invest. 10k enough if you want to invest in regional WA, still some nice cash flow positive deals out there, we are pinning our hopes on one right now…..just trying to raise the deposit (10k FUNNILY ENOUGH!!!) and of course waiting for a reply to the…[Read more]