I am not sure that you get far “the less interested you seem”. You can miss out on good deals because the agent thinks you are not all that interested. The agent has a lot of power – like it or not.
As an agent- we were diligent in letting potential buyers know when a property came onto the market. If you seem less interested – you could miss…[Read more]

Well I did say the Real Estate Agents do it for free.
I have found agents in the area to be spot on when I have told them what I want the appraisal for.
Maybe you choose agents that are not all that good when you get inflated prices Jamie – or you are not clear on what you are looking for?

What you want most out of a property manager is someone you can communicate with. The tenants will go with the agent that has the property that suits them… except me! There are agents I will not go near to rent but I am not a tenant any more.
No but really…. from your perspective as a landlord – you want to know that the agent will respond to…[Read more]

Very Funny! I like it.
Ahhh Bangalaw.. you lucky thing. I lived in Brissie and used to travel down to Byron, Lismore and Ballina in a sales role… those were the days.

Now we are less serious… I guess we should be in “Forum Frolic”….

Good on you wise one. How lovely! I am glad you are your husbands bride of the year….
Sorry I was too late to vote!

Is there? Someone must have posted twice? Is it same topic?
Maybe danis11 did not know where to put the post so posted it twice?

I like “walk softly carry a big fish”……….

Great idea DWolf…
I like where I am but thats me. There is sooo much infrastructure going up here- hospital, railway stations, shops, new town hub. Prices are low – low socio economic- first home buyers entry point and lots and lots of infrastructure being built! My family has been here for 5 generations and the suburbs caught up to us! I just…[Read more]

Soooo did you win? I was going to vote but seems its too late?
Great shot- let us know did you win………

Great article. Themes are those I have heard before.
Funny thing you know – they actually work too. I know when I have put my goals in writing and been specific about it- they happen.
Ok… now I have to get back to that habit- being specific and clear about my goals…………

Not getting advice from professionals who know and are interested in property.
We set up a trust because our accountant said it was the best thing to do for the long term but I didn’t know enough about it. I dont think it has been helpful for our situation but it did provide protection. We couldn’t claim against our income- debt is quarantined in…[Read more]

Hi Newby,
You may have rights but how they play out in the court of law is sometimes very different. Look into adverse possession because they do have a claim if they have had continuous possession for a number of years. We bought a property and the boundary was not where the fence was. We ended up giving the neighbour the land because it was…[Read more]

There are many different property strategies that can provide yields of differing orders. I was just thinking of some beach side areas in Victoria where I suspect they could be cash flow positive running rough numbers- now that you write about it Josh. House purchase for sub $300k- rented to my friends for $1500 for a weekend… food for…[Read more]

I was wondering about mining towns and FIFO.. they seem to be giving great returns.
Josh offers sound advice.
Also it is ALWAYS a good idea to actually GO there. You just cannot put a value on seeing the location. Yes, it can be done from afar.. but nothing like going there.. speaking from personal experience….

Kristin, it does not sound sorted to me. There is an eviction order by the sound of it but the tenants are still in the property….. dadadummmm… “to be continued in our next”……….
As I say- good property managers are Gold Gold Gold!
You can do it yourself but why do landlords bother with the drama’s I dont know.
There are so many laws and…[Read more]

I totally AGREE Paul- good property manager is good as gold. Doing it yourself can lead to all sorts of problems- traps that you dont understand.
Its good that you have the notice to evict- but what now? Its not all that easy. Tenants have all the rights. They can in Victoria still come back to court and plead their case as I have seen recently…[Read more]

You could market both at the same time and sell individually. That is the cost can be spread across the 2 units but marketing both.
As others have said – you should get a better return selling separately as you increase your market. If you sell both as an investment then you are decreasing your market. Sure you can sell both to one investor but…[Read more]

Nigel’s comments is sound advice. Do a lot of due diligence. Decide what you are investing for? What strategy you want to go with and mix with like minded people. You will work out the wood from the trees and figure out what is right for you.

Why not build a small house? Probably about the same costs.

Daneo79 has good advice. Even Steve McKnight sent out an email a couple of months ago on this topic of finding JV partners and that was to hang around with like minded people. This forum is a start.
There IS so much to take in.
I LOVE RPData and all it can offer. It is a view of prices around you.
There are many strategies out there. But you learn…[Read more]

Vendor finance is a good idea. Usually the price is higher to account for the longer settlement.