HBU as others have detailed generally a vendor finance style strategy.
Popularised by cough 'real estate guru' 'millionaire maker' Rick Otton.
He is a big advocate of using marker and basic signage at high traffic flow areas to filter in prospects.
Google him, search for him on SS and...
Hi all,
Looking for some feedback from experienced Mortgage Brokers an those knew to the industry on the 2year requirement to work with a Mentor when starting out as a Broker
Are you able to explain the basic structure of how this works and what it entails?
Is it full time working under...
Hey DT,
Mate I use Defreitas and Ryan in Rockingham. They have a few offices round Perth.
Jamie runs the show there an is brilliant and Monica is PM. Easy to deal with, gets back to me within a day at most on any requests etc.
No kickbacks or affiliation to the business just very...
Looked at a house in Seaford yesterday and went into FN for about 20min driving up and down the streets to get a general feel on the place.
Lots of graffiti, kids pushing prams around, quite a few For Lease boards and a lot of old and current housing commission stock by the look of the houses...
Well said Hugh, investments are investments because the numbers and information attained in conducting due diligence stack up.
Ugly houses in lower socio-economical areas are just the vehicle.
Spoke with a long time friend who moved to Mildura 3 years ago last night, they have just picked up an IP in the area- said rental market was out of control. Anything decent gets snapped up quickly and PM have a list of people waiting to get into housing she said.
Rule of thumb for me mate- every house we buy which thus far have all been sub 1980s builds, whether we have renovated or not we get a Dep Schedule done for the house. If we renovate at a later point which we have done along the journey. Have made a call and sent an email outlining the works...
Can't advise on Carrum Downs as don't know the area however I work in Cranbourne and the nature of my job I spend a lot of time in and around Cranbourne West.
There are some better pockets in Cranny West however it is the West that has a lot of old public housing and with that comes a lot of...
Does anyone know if the ground level on beach side of the South East Water development will be leasing out any small spaces for retail/ food/etc or will they be occupying the gross space post build?
Live in Mornington myself; for me there is nothing to prop up the market where one would see decent capital growth in the short to medium term. Another sleepy hollow coastal suburb- the retail sector relies on summer to make the bulk of its money as the towns population more than doubles.
The...
Further to previous post, email come through this afternoon claim has been approved and money will be transferred into nominated account within 72hours.
Easy process, required paper trail not over the top- no complaints my end. Will continue to use in the future!
Living on the peninsula I just don't see anything to drive prices to make it worthy of investing and holding property there.
No real industry in the area independent of tourism which is highly seasonal and limited retail sector.
It's a big retirees hub which as the baby boomer generation...
CMac,
Filed first claim with TS 9 days ago so should hear any day now.
Tenant eviction with outstanding of around $2k in arrears. Pretty standard, no reason why they shouldn't pay out.
Will let you know how it pans out, have 3 properties with them.
Had a similar issue with 2 that we just leased in Feb. The PM are epic and was more the properties. So what I did to lift the numbers-
1. Add on gumtree under property for rent. No photos or address just description
2. Put my number on requesting call email or text if wanted pictures and...
Cool project Tim, I spoke to local city council here this morning as looking to do the same and to ascertain what sort of requirements they have. No deposit needed which is a good thing.
Reside in Victoria so just looking at blocks in areas I've had my eyes on to see if anything jumps out at...
To be honest I couldn't tell you, as I said family member was high up in the company at the time and comes from a flooring tradesman background. He said the product was suffice for kitchen area. We tiled bathroom and laundry.
Worst case scenario I pull up the old stuff and lay half a dozen new...