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Holbrook is on the Hume highway about 20 minutes north of Albury it is known for the full size submarine in the main street there is very few properties to rent , it has a hospital, rsl club , old folks home, 2 truck stops and about 5 motels. i was thinking of duplexing the blocks and building 2 off 15sq homes on each block, do them in stages rent them out for a while then sell.
then repeat the next block. But with the US $ @ 0.92 cents the US looks better
tonkaaucheck out this area i know it well, it is building up as the main area for patchwork quilts they have a convention every year and companies associated with this industry are setting up in the area, the properties i have bought in the US dont see a big capital gain but they are cash flow +
http://homes.realtor.com/search/searchresults.aspx?ctid=82572&mxp=16&bd=4&typ=1tonkaau
hi i transfer money from the US by having it deposited in my bank of america account and using any efpos in aust , if i use wespac there is no fees tonka
one of my properties in SA was in very good condition when i bought it, but the interior colours were very bright yellow in 2 rooms the new tenants moved in and asked if they could paint it, i bought the paint at k mart $130 a more pastal colour, i must be a hard landlord because i didnt give them free rent or anything, i thought it was a risk letting them do it, but it turned out a good job……….tonka
hi Marco
thanks for the feedback i live in sydney thats why i found a PM who would go to the properties and collect the rent, as i dont get over to south aust very often. regards tonka
