Notice the date that this thread started, there were also some big calls during the GFC about the (supposed) impact on Australia, an here we are…

I have been using unlicensed handy men to do stock standard full bathroom renos between 4-5K & partial bathroom renos for 2K.

Try sourcing your own materials & use unlicensed people (except for electrical work) plenty of handymen spent time as trade assists to tilers etc. They work for much less in my experience & I haven't had an issue with the quality of work for stock standard bathrooms etc

I got a mate who bought a place in Gladstone a few years ago, I spoke to him the other day he said he will have to sell less than he bought it, he can't wait to see the back of it. I flew up there  2 years ago an had a look around, I am glad I didn't buy now. To many new properties built in the last few years created over supply in my…[Read more]

@Engelo I am coming to Kansas City mid next month, ill come see you if you around.

Unless you are a US citizen or you got a working visa, you can't work (I'm assuming you Australian) you will need to fund yourself, that will eat into your 150K. 

Management fees are usually quite high.

There is a limited market for them as they are investor driven.

Hard to off load in a good market let alone in a bad one.

Lower LVRs = bigger deposit 

I would call them junk investments.. I think there are better places to put money.

This is why I never let family members rent my places, even if if they got money/ jobs etc. 

Most states have emergency housing for situations like your family members are in, some charities provide it:

http://www.ywca.org.au/how-we-change-communities/program/housing-and-accommodation/emergency-housing-support

if you call your state government…[Read more]

The Northern Suburbs of Hobart are offering high yields 7-8% plus is achievable, around 10% if you buy the old government housing stuff in the rougher areas however no growth for the foreseeable future down their.

A couple of books I read lately about US property investing, I thought they were both really useful.

Investing in US Property: The Foreign Investors Unbiased guide to investing in US property.
By Michael Ryan

Buying Property in The USA: A Foreign Investor's Guide
By Sam Daniels & Ken Sugiura 

It would depend on how many properties you had. I managed 3 for a year & hated it, never again. Maybe if you manage only one and you live nearby it might work.

Peter from Brisbane happens to be where the meeting is located and he signed up today…Suspicious   

Harry Dent is just trying to promote his new book.

http://www.ustaxcentral.com/

I just started dealing with these guys

Been asked before

https://www.propertyinvesting.com/forums/help-needed/4348269

This forum has been the best mentor for me, I have read countless posts I would owe most of what I know about IP from people in these forum posts over the last several years. Its also the best value for money lol

Maybe try Claremont, Glenorchy or berridale, better than Gagie, I believe 8% is achievable if you hunt around in these suburbs. it's still a soft market there people will usual move down on price more than they would in other capital cities at the moment due to the economic situation in TAS

RP data has that info is the place in Sydney? If it is ill look it up for you. I have subscription for Sydney metro.
just send me a private message with address.

Just wanted to see how the NRAS investors are…[Read more]

Hi Melissa,

I owned a place their, its a funny story actually…

Gagie is an old government housing suburb some of the properties are privately owned I believe most are still government housing. I would call it a very low scocio economic area, vacant houses are regularly burnt down, high unemployment, all the people I met their have that usual…[Read more]