There is also a group called Property Wizards based in Subiaco

Why use a BA though?

Are you sure thats correct ???

Agree she’s done well..and a a smart Investor who took action..

Wasp
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Its not what you earn but what you do with what you earn

My understanding of foreclosures in the US means you must have the dollars available and have yourself or a rep/team member at the auctions.

You can also look for foreclosures through banks where they are known as REO’s (Real Estate Owned by Banks).

I think the risk is high as would be the level of education needed.

Immediate Income potential would be low, especially if repairs are neccessary it may take 3-6 months for repairs, however after that you may reap a great sale price.

As far as renting goes it may be a good option/return or would you guys be looking at wrapping it etc?

Wasp
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Its not what you earn but what you do with what you earn

I had a quick search and a look on the net..this guy lives in Vanuata?

He promotes “Off Shore Investing” and how to do it by investing in overseas Mutual Funds such as the Templeton growth fund,Nicholas Applegate US Growth Fund etc.

I think the intent is to use Vanuata as a tax haven, mail redirection service etc etc..dodgy
I’ve seen Ed Burton talk about Offshore Investing, but dont see the link to this guy?

Wasp
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Its not what you earn but what you do with what you earn

I’ve been there its great !!

Wasp
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Its not what you earn but what you do with what you earn

LOTS of +CF IP’s in WA

Best I found was in a town of 30 people, are these the kind of deals you are interested in?

Wasp
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Its not what you earn but what you do with what you earn

Not for free, however, consider the dollars. The following are some inexpensive ways to improve your properties with very little cash.

#1) New Electrical Switch Plates

– not much for adding value

#2) New or Improved Doors

Another overlooked, yet cheap replacement item is doors you can also paint them

#3) New Door Handles

In addition to changing doors, consider changing the handles.

#4) Paint/Replace skirting or architraves

Use a semi-gloss bright white on all the trim in your houses.

#5) New Front Door

You only get one chance to make a first impression. A cheap front door makes a house look cheap.

#6) Tile the entry area

After the front door, your next first impression is the foyer area. Most rental property foyers are graced with linoleum floors. Consider a nice tiled entry

#7) New Shower Curtains

Don’t be cheap – drop $40 and buy a nice new rod and fancy curtain.

# Paint Kitchen Cabinets

Replacing kitchen cabinets is expensive, but painting them is cheap.

We spend most of our time either in the kitchen or the TV room. A fancy modern tap looks great in the kitchen.

#9) Add Window Shutters

If wooden then paint them an offset color from the outside of the house – (e.g., if the house is dark, paint the shutters white. If the house is light, paint them green, blue, etc.).

Or add security roller shutters

#10) Add a Nice Mailbox

Everyone on the block has the same mailbox. Stand out!!
People notice these things….and they like them!

Wasp
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Its not what you earn but what you do with what you earn

How about Bond etc?

do you have LandLords Insurance?

Did your PM do a good job screening the tenants?

and Lastly..maybe the bond, letting fee etc pushed the tenants savings limit and after a week or two things will settle down?

Wasp
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Its not what you earn but what you do with what you earn