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  • Profile photo of tyoungtyoung
    Member
    @tyoung
    Join Date: 2004
    Post Count: 5
    March 3, 2004 - 7:45 am

    Thanks ChanDollars, that really helps.

    Profile photo of tyoungtyoung
    Member
    @tyoung
    Join Date: 2004
    Post Count: 5
    March 3, 2004 - 5:29 am

    Thanks for the advice rugbyfan, i really appreciate it.
    Afterall, i am just a young investor who is trying to learn/read as much as i can to get my property portfolio started.

    Profile photo of tyoungtyoung
    Member
    @tyoung
    Join Date: 2004
    Post Count: 5
    March 3, 2004 - 5:11 am

    thanks rugbyfan, i know what you mean about not just investing for returns.
    Once I find properties that have good returns, then i will make sure that they are decent ares to invest in.
    Do you do it the other way around? find a good area first and then look for +cf IPs?

    Profile photo of tyoungtyoung
    Member
    @tyoung
    Join Date: 2004
    Post Count: 5
    March 3, 2004 - 4:57 am

    I certainly don’t intend to work full time for much longer, so i will have time to maintain my properties.
    I guess I was just wondering if someone would be interested in helping me source my first few (when i am working full time) for a fee.
    I actually don’t know much about the role of spotters, and is why i was enquiring.

    Profile photo of tyoungtyoung
    Member
    @tyoung
    Join Date: 2004
    Post Count: 5
    March 3, 2004 - 3:38 am

    I am not sure about Yack’s 50% or $20k either, seems a little steep – Yack -I realise you normally pay for what you get, but seeing I am looking at below $ 100K for a +cashflow IP, I really think 20K is too steep.

    I am seriously looking for +cashflow IPs, and I have enough money to do it. I am working full time at the moment, and simply don’t have enough time to locate these properties.
    My husband and I are wanting to purchase 10 or more +cashflow IP by the end of this year, and I am willing to pay a serious spotter, a reasonable price.
    As mentioned, we are not wanting to spend more than $100K per property (preferably between $60K-$80K) in QLD. I am willing to buy almost anywhere in QLD, providing it has great returns.
    Are there any spotters who could assist me?

    p.s. could someone also explain the exact role of the spotter, and how the contract is set up?

    Thanks,

    tyoung

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