Thanks all- some interesting input. I guess these properties are really no different, other than that they generally are auctioned off, I guess the reserve would be set at median market value?
Anyway, I have a better understanding of what goes on now, cheers.[cap]

Just a note from a landlord’s point of view… I have always endeavoured to do my best to ensure my tenant’s happiness and given him any assistance/comforts he required. But over the last month or so he has fallen into financial hardship- so we did our best to be leniant with him falling behind in rent etc, but he has just vacated early and left…[Read more]

[biggrin]Thanks MollyM- very helpful info! I think deciding to sell will help me get started with some intelligent investing instead of holding me back. Property Investing here I come…

Thanks ac, yes we are in a similar boat- going down to one wage soon (starting family soon) and not having much cash stored to cover any vacancies in IP. Thanks for your insights, been doing a bit of soulsearching myself and have decided to get the IP valued- to see if it’s worth selling after costs and CG tax. Does anyone know how I calculate how…[Read more]

Thanks guys, my reason for considering pulling out was because I was going to sell and use any remaining profit to fund deposits on cf+ properties. I dont see house prices increasing in the area (sth of Adelaide), and believe I have increased the rent to market maximum. For our last rent increase we added a carport, and before that- a security…[Read more]

We pay 8.8% in Adelaide.[blink]

I’m also quite new to the idea of cf+ investing, I recently stumbled across a permanent sited caravan that would have been cf+ and even put an offer in. But after getting some advice from my fellow investors and looking more carefully into it I decided to pull my offer off the table.This was due to a couple of reasons: 1/ I found out that you…[Read more]

cheers to all who have replied so far, really good info ta Have replied to you all individually.[biggrin]

I am also very new at this, and dont have a lot of spare $$. Concentrate on properties under $60,000 you can type in a search on properties up to a certain price in realestate.com. I have come accross a few so far, but make sure you work out if they are positive cash flow and try to get them already tenanted, this will reduce risk and you can…[Read more]