WOULD YOU BUY A PROPERTY INTERSTATE VIA THE INTERNET WITHOUT ACTUALLY SEEING THE PROPERTY IN PERSON ? EVEN THOUGH THE PROPERTY WOULD BE A GOOD PRICE BUY WITH A CURRENT TENANT. GIVEN THAT YOU’D GET ALL THE PROPER REPORTS IE: BUILDING / PEST ETC
WHAT ARE YOUR THOUGHTS ?
THANKS
MITCHHi Mitch..
I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading [
]https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617
Cheers,
Jay
**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************
Hi Mitch..I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading [
]https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617
Cheers,
Jay
**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************Hi again Beetle, what a busy day!! I’m in NSW and bought a unit in Cairns last year, saw it on the net, liked what I saw, did research on realestate.com as to the area, rentals, etc. Offers and paperwork by fax. Rang a few agents. It cost $55,000 fully furnished, rented since for $125pw. Went up before it settled to have a look, bought 2 more. We also have another two properties that we have not seen, one bought via net and the other was a call from an agent. Found a good solicitor and managing agent and had photos via email and mail. It comes down to what you are comfortable with, due dilligence, reports, etc. Also at tax time you can claim for your visit to the area to inspect the properties so that is good. Pick a time when it is vacant and have no accom. costs.
Anna
Hi Mitch..I posted that same question about a week ago so here is a link to the answers that I received… Happy Reading [
]https://www.propertyinvesting.com/forum/topic.asp?TOPIC_ID=4617
Thanks jay – good reading !!
Cheers,Jay
**********************************
You must stay pOsitive
…then the cAsHfl0w will come!
**********************************Thanks heaps Anna,
Most peoples responses are that you should inspect the property personally. But i’ve seen a couple on the net (few weeks ago) with tenants and looked okay.I suppose if you can get onto a good solicitor / building inspector and get all the reports you should be covered. But catching a plane and having a look for a weekend would also be okay.We have a unit in southport which is sold(settlement oct)once that happens our title will be cleared and then i can have a serious look.see ya mitch
]
You must be logged in to reply to this topic. If you don't have an account, you can register here.
