All Topics / Help Needed! / First time invester – research question

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  • Profile photo of Leanne TatchellLeanne Tatchell
    Member
    @leanne-tatchell
    Join Date: 2012
    Post Count: 3
    August 13, 2012 - 10:02 pm

     i have recently been researching property for positive cash flow using the the information that was in 0-130 properties and have found a few that would work without having to borrow to much.

    The houses are located in a town a few hours from where i live and i have taken a day off work later this week to visit the town to do some more research and am wondering if i should call an agent a few days before a go to arrange inspections on some of the houses or just do a town research first?

    Profile photo of xdrewxdrew
    Participant
    @xdrew
    Join Date: 2010
    Post Count: 479
    August 13, 2012 - 10:50 pm

    Always arrange inspections. Until you are an absolute gun investor who knows the suburb backwards and what he's getting into, go in and check out the property and its surrounds. Sometimes the property might be fine .. its the position or the company it keeps that may be the problem.

    Town research is fine .. but it wont tell you about termite issues in the area .. or bad housing commission within 100 feet of the property. The one that agents are really good at blotting out in photos is the overhead powerlines. Magically they disappear in sales photos.

    Legwork .. even if its just a single day will make the difference in making a valued decision.

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069
    August 13, 2012 - 10:56 pm

    I'm with Xdrew. Best to arrange a few inspections in advance.

    However, if you're at a very early stage of your investing and you're not ready to make the plunge – the agent might think of you as a tire kicker and if it's a smallish town there's probably not going to be too many local agents….just something to keep in mind.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
    Email Me | Phone Me

    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539
    August 13, 2012 - 11:01 pm

    I am a big fan of Google Street-view.  I cruise up and down the street from the comfort of my desk, checking out powerlines, whether anyone in the street has several carwrecks in their front yard etc etc. Gives me an idea before I get in the car to go for a look-see.

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
    Email Me | Phone Me

    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of Leanne TatchellLeanne Tatchell
    Member
    @leanne-tatchell
    Join Date: 2012
    Post Count: 3
    August 13, 2012 - 11:17 pm

    Thanks for all your comments, i think i will call one of the agents and arrange for some inspections.

    thanks again :)

    Profile photo of Leanne TatchellLeanne Tatchell
    Member
    @leanne-tatchell
    Join Date: 2012
    Post Count: 3
    August 13, 2012 - 11:17 pm

    Thanks for all your comments, i think i will call one of the agents and arrange for some inspections.

    thanks again :)

Viewing 6 posts - 1 through 6 (of 6 total)

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