Forum Replies Created
I have bought 2 properties via Chad in the last 6 months. And I will buy more.
I bought the first one in July 06 & have just purchased the second one, this time it involved a rehab.
Chad is honest, open & helpful. He does not have a hidden agenda.
He put in the hard yards for us on the first purchase. He was always available to assist & explain things to us.
He has set up a good team in the US & is actively investing there himself. He works hard to look after his clients. He also runs regular property tours to the US for investors.I do recommend that you do your own due diligence on the area’s in the US you might be interested in. And, as has already been suggested, go over see these area’s first. There is also a load of links on past post’s on this forum to help with the due diligence.
Good luck
Mark[biggrin]Top Ender
I can highly recommend Richard Taylor.He is a regular contributor to this forum & also from the Brissy area Email him at [email protected]
Good luck[cap]
Top Ender
Thanks for the responce, sorry to be a bit lite on with the info. the 11% management fee is taken off the rent return.It is really 10% plus a yearly let fee of $220. It seems to be the going rate in Katherine. The house is in a quiet court surrounded by quality properties,( I have seen it several times)the current tennants lease expires in March, at which time I will put the rent up to $280-$290 in line with similar properties.They have indicated they would like to stay on. If not I am confident filling it, current vacancy rate is 3%.The house is in great condition, recently painted and floors polished.The capital gains in Katherine have’nt moved much in past five or so years since the flood.But I’m in no hurry. I think/hope it will be better over the next few years with the increase in military numbers, the million dollar upgrade of Katherine Gorge, the expansion of the regional health services, the growth in tourist numbers,the Ghan, the transport industry & mining possibilities. Meanwhile it should go close to paying itself off. The Reint June 2005 house rental yield for Katherine was stated at 8.5%. Thanks again Davo[biggrin]
Top Ender
