[] thanks for the help guys,as a token of goodwill in the spirit of sharing info on this site i think where we bought is a great place to start looking for +ve ip’s….innisfail,80km’s south of cairns which is boomtown at the moment.all the best.[]
[] innisfail 1 hour south of cairns is going great at the moment,rental demand is extreme and prices are dead cheap,we just bought a block of 4 units for 165,000 rented out for 355 per week.if you need any more advice email is [email protected]
[] thanks for the reply but im not sure what the roi or cash on cash return will be if i put down 20% (its a low doc at 6.8%) with the closing costs as well.can anyone help???[]
[] thanks for the replyies guys,i am not worried about renting it out as the market there is going crazy but more worried about flooding and crime,im flying up today so if you have any info for me i’ll find an internet cafe up there and have a read.what im interested in is a block of 4 units for 170000 three currently rented for 85-90 per week so may be a good deal,i’ll let you know what the rest of the market is like if anyone wants the info when i get back on tuesday.
email me on [email protected] []
[] has anyone else got any advice they can help me with on this subject as i’m flying up to innisfail tomorrow and could do with a bit more advice.HELP!![xx(]
Hi Tayla,
I drove 800km in a day and found our first property. But it was all worth it!! Now because we have bought a property, the agent is now a great contact and is letting us know of properties on the market, before they are on the net or in their windows. So it really is worth a drive, even if it is to start a relationship with an agent, so that they can be looking for you, which saves you time.
Agents get calls all the time from window shoppers, and they don’t really have a reason to show loyalty to them. But if they meet you, know what you want, and know that you want many, they will help you out.
Firstly, as everyone has said, do your research on the net.
kate g please could you get in touch with me via email [email protected] re earlier posting thanks[]
Good luck
Kate []
Aim for the moon, even if you miss you will end up amongst the stars!
[] hi guys i too have had to travel up to 1600 km’s in a day to find properties,but when i bought one for 30000 under value with a long term tennant i thought it worth the while[] i just did the same journey 2 weeks ago and came up empty handed but was prepared for that and used the time i was there wisely.[xx(] you have to be prepared to act if something comes up and quickly.
[] hi ,will it make you a profit? personally i dont own units but would consider buying them if the right deal came along,but a 1 bedroom i’m not too keen on[]
[] thanks for the reply bear, loan is a low doc 7.2% , left school with little and am a computer dinosaur so excel is out of the question,however i’m not going to be daunted by big numbers,if anyone out there will shout me a billion bucks i’ll find some property to spend it on!![]
[] hi guys, i am still a mewbie and know nothing, however no matter how hard it is to stick to the 11 second rule i know that in 10 years time there will be people in all areas that will wish they could have bought in 2003!!!![]
kate g could you send me an email so we can talk about spotters fees ,i am unable to find any properties that fall under the 11 second rule but have the funds available ,so if you can get in touch we’ll see if we can sort out a deal!.thanks. [email protected]