Hello,
Keen and ready for investing into property. I have choosen to get started in victoria, and am having a little troube finding something that is going to give positive cash flow returns.
If anyone one would like to offer some of there finding through their own research, it lould be very much appreciated.
ps. i am only wanting to spend around the mid $100k mark.
Look forward to your response
Hey BOC911 and Welcome to the forums,
What methods of research for property have you done so far?
Matt
“If you do what you have always done, you will get what you have always had.”
“Isn’t it time for a change?”
Thanks for my first reply,
i have been getting on the internet each day and typing different areas that i think of, or have noticed in API magazine or read about in the paper. What i then do in check for what seems a good price in the area. I then contact abou 5 different agents in the area for information on rental demands, returns etc. This approach is seeming to be a hit and miss process.
I do actually go looking at properties in metro melbourne that i notice in local or various other publications, age, herald sun etc.The numbers just dont seem to add up.
Your question alone has already cleared my focus.. I dont need to have someone tell me about an area, what i need to do is sharpen my skills and research pattern so as down the track i can find different opportunities all the time. Not just using someone elses idea, but using my own factual research to find my own “money trees”
Any suggestions on what i might try, to focus my search or make it more effective?
I have found that the good deals don’t make it to the internet. Anything that is a great buy usually goes pretty quickly – although the market is showing signs of slowing.
I would strongly recommend that you develop a close relationship with several agents. You want to be on the list of folks they call when they list something good.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Depending what site you are using to find the property, it usually allows you to do a general search of the whole state. You then can get an idea of what areas could be doing well and then do a more refined search.
I would strongly recommend that you develop a close relationship with several agents.Totally agree.
Matt
“If you do what you have always done, you will get what you have always had.”
“Isn’t it time for a change?”
Thanks for the ideas,
I have already got on to few agents who call me at various times if something comes up, but still to find something worth buying.
I will endevour to build relationships with various agents in areas i have been looking at, and see if the result is different over the next month or so.
Regards
Ben :0)
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