All Topics / General Property / Western Sydney property purchase $205,000 purchase reno $5000 – $5500 rent $360pw and value $270-$280k.

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Nathan BirchNathan Birch
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    @nathan-birch
    Join Date: 2004
    Post Count: 189
    July 3, 2011 - 3:00 am

    Just thought I would share a property I purchased in Sydney in Nov last year which was purchased for $205,000 and rents for $360pw or nearly 10%. People say these deals arent out there but they are!

    Enjoy!

    Pics – http://binvested.com.au/205000-purchase-western-sydney-reno-5000-rent-360pw-new-value-270-290k/  

    Video
    Before – http://www.youtube.com/binvested#p/u/5/HhmZY7Vcc5M 
    After – http://www.youtube.com/binvested#p/u/1/MAzWkTWivA0 

    Profile photo of lifestylezlifestylez
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    @lifestylez
    Join Date: 2011
    Post Count: 61
    July 3, 2011 - 4:19 am

    Mate that is really impressive.

    Did you do the renovations yourself, or hire contractors?

    What suburb or area did you buy in?  $205k seems unbelievable anywhere within 100k's of sydney (not calling you a liar )

    Darren.

    Profile photo of Nathan BirchNathan Birch
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    @nathan-birch
    Join Date: 2004
    Post Count: 189
    July 3, 2011 - 7:59 am

    I outsouce all the work.

    Its located in a private area of mount druitt.

    Deals are out there buy them all the time, houses, units, villas under $200,000 can be found.

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 3, 2011 - 1:10 pm

    Great stuff Nathan.

    How does the deal finder work? Is that a buyers agent service?

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of Nathan BirchNathan Birch
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    @nathan-birch
    Join Date: 2004
    Post Count: 189
    July 3, 2011 - 1:17 pm

    Hi Terry,

    Whilst I am not here to sell the product of DF, I will answer your question in detail.

    Deal Finder is not a buyers agent but yet more benificiial then a buyers agency.

    Basically on a daily basis deals are presented to subscribers which are strong either/or both strong cash flow and below market value.

    The properties come with a cashflow analysis sheet for review of the numbers and with a RP Data report showing stats, figures, recent sales, and other comparables for sale in the area ready for the investor (subscriber) to contact the agent to secure the property.

    It is a bit like a DIY buyers agency, but purely investor driven and no comissions or agenda's to suggest a buye apart from the numbers generated from RP Data.

    Hope this helps.

    Nathan.

    Profile photo of TerrywTerryw
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    @terryw
    Join Date: 2001
    Post Count: 16,213
    July 3, 2011 - 1:22 pm

    Thanks Nathan

    Sounds really good.

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

    Profile photo of lifestylezlifestylez
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    @lifestylez
    Join Date: 2011
    Post Count: 61
    July 6, 2011 - 2:59 am
    Nathan Birch wrote:
    I outsouce all the work. Its located in a private area of mount druitt. Deals are out there buy them all the time, houses, units, villas under $200,000 can be found.

    Ahh no worries, I haven't looked in the Mt Druitt area before.  That's much cheaper than the outer areas of Brisbane and Logan and they are supposed to be in a backwards market!

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