Semaphore and Port Adelaide are Great, so is Hallet Cove if you want to go South. I have a newsletter written by Peter Koulizos (the property professor!) regarding his views on the top ten suburbs of Adelaide. Please email me if you want me to send it or you can download it from our website (below).
I also know a few but in Adelaide. If you miss a few repayments with the private money lenders, depending how the deal is structured, you could also go down the path of losing the property just like in lease options.
This has been posted as a question many times on this forum. It is not legal to accept or recieve money from any real estate transaction without a license! In SA not only do you have to pay back the commission recieved, you also get a $20,000 fine for any transaction performed! Some people like to call it a "marketing fee" to try and get around…[Read more]
Do you have a subject to buiding inspection clause in your contract? If so, that allows you to walk out of the original contract and renegotiate new terms and price. All you need to do is tell the agent that due to the buiding report you are no longer accepting the contract and you would like to negotiate a new price. They would then draw up an…[Read more]
You either have a criminal mindset and end up shooting yourself in the foot sometime in the future or you have a winning/ethical mindset where even if you face a few setbacks along the way, you'll always end up successful. The 2 are mutually exclusive!
The best thing you could do is spend some of the money on educating yourself. If it was as simple as getting all the right answers from one post on a forum then everyone would be a billionaire!
You can also use positive cash flow strategies like lease options to offset some of the more negatively geared properties and keep your portfolio balanced!
We had some full colour brochures printed and delivered by a delivery company and the local paper. Here's what has worked for us in the past:The law of large numbers:10,000 plus deliveries every 2 weeks (need brand recognition and stick to the same colour). Our success rate was 1 to 2% (very low)People are very disensitised to advertising so you…[Read more]
Marc, I cannot flaw your arguement about the time it takes you to find a property, it makes alot of sense! We run a buyer's agency and also a real estate agency which does normal sales. There is alot more work (many many hours more) that goes into finding the right property for an investor than goes into selling a property. A few open inspections…[Read more]
I would very highly recomend Chris White from prosper group in NSW. He has been a mentor of ours for the past 4 years and seems to be one step ahead of us even as we grow. His email is chrisw@prospergroup.com.au (ps, he does not come free )
Well that just means that any easements or covenants on the land that are different to those on the vendors statement will make the contract voidable. The clause is not necissary and is implied by law anyway.