Could i be rude and ask why you want these two apartments to be bought from Australia?? and not just go to your local RE agent??

Maybe post up the details up or ask for interest on this forum site. Im sure with this pool of investors, there should be at least some interest.
If you want, you can email me the details, i wanna start researching NZ properties.
[email protected]

Cheers

I just bought one. Unilodge Sydney, Utimo.

Cost me 238k, 47Msq, with two occupancy.
renting for 497.50 per week , Tenants in til July 2 2010

i am buying for the rental return, i understand that i might even go down in the short to medium term. but i dont mind. it is a form of income.  I just have to know that it may take some time to sell when it comes to disposing of this asset.

All i can say to fionaleesaunders is, you need to know what you are getting yourself into. i suggest go and talk to the rental management company, and ask what are the ups and downs of buying a particular unit. i found that he can tell me alot. ( i meet him after i settled mine)

Hi David

First of all, Pat on the back for taking the first steps to becoming a millionaire. Its not going to be easy, its not always going to be smooth, but it will be very satifying. and if you stick with it long enough and never give up. you will get there. No doubt.

Second- In my opinion, mentoring should never cost anything!!!! To me, i havent checked the dictionary, but to me, mentoring is sharing sucess to a person on the same journey as you, an exchange of knowledge and information. I have been very lucky in my life to have such a person, he helps me with what ever is on my mind, He never tells me to do anything, rather, he askes me very objective questions so i think about situations in a different way, he draws me a pros and cons and askes me to decide for myself. So i think a mentor should be very honored to have a student, i dont think money or anything else should exchange.

I dont know if i am very qualified, but sure you can email me, and ask me any question you like. I have been in the game for a few years now, i dont consider myself a pro, I too am still learning, One thing i can suggest, is joining Steve's 250k Club. Where you will be surrounded by pple of various experience levels, all together sharing ideas and pushing each other along. It does cost abit of money, but you will be exposed to 249 pple on the same path as you with pretty much the same goal. (the goal being, making 250k in the next 18month) Look even if you dont reach this ultimate goal, you will learn alot from this experience, and i am sure you will benefit from the experience. 

Will post more details of the 250k club later. Good luck to you, you can pm me. or email me, [email protected]

A Savvy investor like you would come to me and partner up. With your equity monies, and my expert investment professional strategy we could team up and make a motza!!!!!!!!!!!!!!

Just kidding, I wish i were in your shoes tho. I am all fired up from the Steve McNight book launch, but dont have much to play around with, He did say there were three areas that he would look at, Muti faimly dwellings, eg, duplexs and blocks of units, Positive cash flow properties and commercial. If this gives you something to look at. Let us know how you go.

All sounds good.
The only major concern is finance, Now i am going thru a tough time tyring to get finance for student accommodation in the heart of Sydney. They were going to lend me 70%, then my broker said that it might not go thru and we went for a lowdoc, only 60% LVR. I have had to pore alot of money into this deal. More than i would have liked.
So, If i need money to do these reginal property investments, whats my strategy??? I have got 4 IPs at the moment, 5th on the way. but cash poor after this one. Does anyone have the answer to this secret??

Hello All

I too am interested in positive cashflow properties. I have been debating in my mind for a long time, wether to go for reginal areas.
I have some concerns for reginal property, maybe some of you that have property in that sorta area can quell them for me.
1, hard to get finance, – need bigger deposit
2, vacancy periods, how long, how hard is it to get a tenant.
3, Slow Growth, in rent and capital appreciatation.
4, Maintenance issues- as in a small country town, there may be only one or two handymen around, also supplies might be more expensive or not available.
5, Higher management fees, higher cost associated to inspecting the place ( not really a concern, i have one place at maroochydoore i havnet seen for 4-5 years)

Could someone please tell me how to identify a growing town? how can we know. since, if the schools and roads and other infrustructure has been built, the horse has already bolted, that means that we are too late. the price rises have already happened.

Im been such a city person for so long, thats all i know. someone has to take me back to the slow quiet and peacful life of country.

Thanks in advance.