I’ve read the book, and almost all of Robert Kiyosaki’s, but now I want to actually DO something! Steve said he bought properties in rural Victoria for around $50k. Do those sort of prices still exist? and if so, where can I begin looking? I tried searching domain.com for houses under 100k but without results.
try realestate.com.au
don’t know about Vic, but it does come up with some for nsw and qld.
Cheers
MelHi,
Just remember that some of the best deals are the ones that are stale and no longer advertised on the internet.
Don’t make the mistake of believing all properties are advertised… they’re not!
Cheers,
Steve McKnight
**********
Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Sophsi, welcome to the forum [
From the lending side it’s also not a bad idea to pick a town with multiple employers &/or within an hour of a major regional centre as lenders view these towns in a better light and will lend to 80% and sometimes as high as 95% comfortably. In areas perceived as very risky, eg mining town in the middle of nowhere, the maximum lend can be as low as 65%.
Good luck with your hunting, I’m sure you’ll find the forum very helpful.
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For region properties have a look at
http://www.propertyguide.com.au
I agree with Steve don’t rely on the internet, get on the ground and get dirty. This might involve some detailed research. Not sure where you are situated but a good start is to get a map and draw a circle of all the areas 1hr from where you are. Then start looking. Do one town per week. Go there, look around, talk to the council, look at employment levels, etc
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