yep snakey that is a long drive. You could ask the agent to take photo’s inside and email them to you or You can buy subject to building inspection, thendrive and have a look (but it makes a big weeken) if your not happy you say it failed your building inspection.
westan

My ambition is to be Naked and have people not laugh at me.

westan

Hi all

i don’t like what i hear about Mr Henry Kaye but i was disappointed with the story, heaps of cuts in the tape who knows what was really said ?
I hope if he’s a fraud and a crook they get stuck into him but this isn’t investigative journalism.
Thats what you get with Today Tonight Not the same Quality show like ACA hey Richmond[]
westan

Hi snakey

the one for 40k rent of 120 sounds good, even though the second meet Steve criteria it wouldn’t meet mine it is only marginal cash positive,
I’ve bought sight unseen 3 time once was bad. A good house in excellent condition, i just underestimated how bad the neighbourhood was (Clarendon Vale TAS).
That was 6 yrs ago now i’m smarter (well…[Read more]

Hi simo
some starting tips
read as much as you can, i’m NOT a fan of paying big $ to go to seminars, i don’t think thay say anything that someone hasn’t already written about. The forum is excellent because you get different views and its free and no one is trying to sell you anything (i hope)
Keep an eye on the papers to see whatis happening…[Read more]

Hi leverage

yes i bought (only 2 and one for my brother at 26k) 6 yrs ago for 28k. The Power industry had laid off 2000 or so jobs and the Govt was selling off all their houses (hundreds) the housing prices absolutely crashed. even though the town was struggling its rental return was OK 110pw. Since then the Gov’t has spent 100’s of millions in…[Read more]

hey bfantastic

i’ve got a great joke for you
whats your number ?

westan

Battz

it depends what you are trying to achieve and how it fits in with your own financial goals. its really hard to comment without knowing where the property is. Remember the agent is working for himself first the vendor second and you third. Good luck with your negotiation. Ask local property managers how many houses they have vacant and…[Read more]

Hi battz71

given you put in 90% your costs rise by about 560, so that cuts $560 off the profit bringing it down to say 3,000 profit with 13,000 cash in or Return on Investment of 23%.

westan

Hi simon

that’s good to see are figure are so close to each other. Hopefully we know what we are talking about []

regards westan

Hi Simotheman

just a friendly warning i think it is better not to give too many details on the forum. whilst i can testify those who i have meet wouldn’t pursue a deal someone else had looked at, we just don’t know who else reads our forum. i think it better to just give general figures.
On your figures assuming 20% down and financing the rest…[Read more]

Hi Battz

in comparrision to Simon this is what i get
ok lets assume you put in 20% finance and loan the rest at say 6% (you can get 5.65% at homepath.com). also assume purchase costs of say 3k.
Rent 200pw

less costs
interest on loan of 75,200 is 86.50 pw
rates estimate 800 15 pw
Water 400 8…[Read more]

Hi battz71

what are your figures ?
i need price and rent per week.
i don’t take into consideration depreciation with my figures if there is any its very nice bonus. You canm claim depreciation on the building only if it was built since 1985, but you can claim the chattles (floor coverings, heater, stove curtains etc)
What questions do you have…[Read more]

Hi fullout
i don’t know about every town. i spend all day talking to people so its amazing what i hear, plus i keep an eye/ear on the news.
will contact you offline and see if i can offer anything helpful
regards westan

well done guys i’m gettinglots of laughs, i enjoy laughing mmore than property investing (am i allowed to say that on the forum) sorry if i offended anyone.
I think this is a true story
There was this atheist walking through a forest suddenly he heard a bear, but it was too late the bear had already picked up his scent. the guy took off as fast as…[Read more]

yes certainly, but i’ll email you off the forum
regards westan

Cross marnoo off the list. its to small, nothing going for it and a last year there was a mad firelighter setting homes on fire. he was never caught police know who did it but don’t have the evidence to convict, i think he is still in the area. although you could buy get insurance upset this person in the hope he burns down your house so you get…[Read more]

Hi Gocats
cannot help with the previous posts
but
you should be able to do it in one trip, this one to insect the property.
the rest can be done by phone, fax, mail, email no problems.
the selection is the only trip needed. actually a lot of people buy unseen, then pay others builders etc to report on the condition. i prefer to see but this is…[Read more]

hi guys

Noddies

while we should be prepared for possible rate rises i wouldn’t get too scared by such extreme predictions. if you go through these guys predictions over the last few years they are always wrong. for the last two years they have been saying the same thing yet rates haven’t risen. One day they may be right ? so your warning is…[Read more]

Hi william

yes that deal is pretty good

But obviously it depends on the overall condition of the property, does it need restumping etc and a new roof. even if it needs work doesn’t mean its a bad deal as long as you have the capital to do it and it will add more value than what it costs.
And finally it depends where the property is, it’s not a…[Read more]