Dirranbandi has population of 437 people, although it positive cash-flow, in my experience the rent and value will most likely be the same 5 years from now.

LMI can be very useful ally if you want to continue to build your portfolio.[/quote]

Agreed, on another note (not trying to be negative) I don’t think I would want to tie up 42K in most of the properties that have been listed, not sure you would get it back easily.

I know its tempting when you see good cash-flow especially in Australia,…[Read more]

Hi Engelo,
I was in Kansas city recently I wanted to catch up, but Sean & Dan said you moved to Toledo. I might see you on my next trip.
Good luck with your rehab

http://www.realestateinvestar.com.au/ they have a similar system to yours, however I think there is room for competition, in my opinion realestateinvestar is over priced at $250 per month for a subscription

We got along fine without him before he came along, I am sure we will find away to carry on (with heavy hearts lol)

Hi Guys,
I am flying out today to the US, Kansas City, MO to buy some IPs and add to the couple that my business partner and I have at the moment. Ill keep you posted on what happens, also I am meeting with a bank manager contact (landmark bank) who swears he can set up bank accounts for foreigners without being in the US. I can forward on his…[Read more]

Thats a lil harsh, compared with what other forum? 1970s looking somersoft.com or the cluttered Australianpropertyforum.com I think it’s better than it’s competitors

http://www.sitepoint.com/forums/misc.php?do=bbcode Trying to figure out bbcoding, predictive text a little annoying

I don’t mind the new look, good to mix it up a bit

Your user name should be "fast Eddie"

bacchu wrote:

In the six weeks there have been a couple of instances when someone has offered considerably less and i did not take it up since i thought i would get others. 

That is the market telling you what the rent should be in your area at the moment, no property manager can fix that. If it has been advertised in RE.com/ domain & the…[Read more]

Hi Bacchu, what is the market telling you? If it has been advertised for 6 weeks I suspect you will need to drop the rent. What are the vacancy rates in the area? Is this a regional area ? 

They great very user friendly account interface an helpful staff if you need to call them, an rates way better than the banks, when you input a quote it shows you the comparable bank rates. 

@Loan ranger, How is the NRAS stuff doing?? With the uncertainty around it at the moment (government reviewing it) you probably cant give it away.

I stand by what I said "it is a fad"

@mark

They are over priced when compared with established stock in the same area, jump on RE.com RP data etc, I believe this is due to things like developers premium, marketing costs, agents get higher commission on off the plan (in my experience inner city Sydney agents get 2% when uncon & another 2% at settlement (4%total) for OTP). An area can…[Read more]

Have you tried a small removal company, they might be cheaper than a traditional freight company.

If you hire a truck an drive it yourself, try an get a friend or family member to follow you there in your car.

typically I don't buy a place that doesn't have a decent hardware store within 30 min of it if I plan to renovate.

I saw an article on TV an this guy from Veda said a lot of credit providers don't have the infrastructure in place to do the new checks even if they wanted to at the moment, he said it would take time till they have it in place.

The biggest risk is sitting on the sidelines in my opinion. I'm going to the US next month if you want to come Freckle.

I got a loan application going through now with CBA, I am in a casual position (I work more than full time hours) , I have only been working there 4 months. CBA said it shouldn't be a problem. Ill know by end of week. 

You might need to tee up vendor finance if your loan falls over.