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Micheal Yardley Frankston had 2 years in a row in the early 2000s of just under 50% each year. In the year 2000 I nearly bought a block of 6 units in Frankston south for 380k they were returning 36k a year so my offer was 360k I was chasing 10%. I didnt end up buying the property.That same...

I agree with Monopoly My 2 hot spots for melbourne for average or under average melbourne prices are Frankston without a dought will go crazy over the next 5 to 10 years also Footscray .

Yes I have met Nigel a couple of times so what, That is half the reason I stick up for him, Nigel is a good honest man . He is a genuine investor following his dreams is that so bad. Yes I have been to SS and will being going again shortly so I am interested in what Nigel is doing over there ...

Clone and Sock Puppet. What a load of you know what. Have a read of the way its writen. Its not the same style at all. You guys just let him have his say without being negative towards him. Kind regards Rick

Hi Nigel Is it interesting , you come on to this site and people put you down about spamming . SS is a good market and people should be taking the oppertunity to learn , not put you down if they dont like what you write they dont have to read it . But people like myself love to hear the...

Nigel How are things going since you arrived in SS ? I know its a little early and your probably still settleing in. I will be coming over in Nov the 1st for 2 weeks , would be good to catch up . Kind regards Rick

Jimmy You must know that im on other forums alot by saying Rikky, I ussally dont repley to anything on this forum because of this exact kind of thing but I always come here to have a read and when someone starts bagging someone like Nigel who is following his dreams I will say what needs to...

Guys and Gals What is going on here! Everyone has the abilty to put someone down for doing whatever it is they are doing , baging people for something they are trying to do. This does not make any sence , I take my hat of to Nigel going over to live in the US to follow his dreams , what an...

I agre with you Monopoly I bought my first investment property in Frankston 10 years ago paid 120k sold it a couple of weeks ago for 465k . Frankston north will move with the rest of frankston but at an equal % not dollar for dollar. ( roughly anyway ) and while you can get up to 6 or 7 return...

Thanks Monopoly You are right I have already considered it. :rolleyes: I think I'm more worried about getting there before RITA does , I don't think I want to be in her way :eek:

Hi quiggles Have enjoyed the last 3 months listening and reading about the USA market and it seems that everyone is jumping on your ban wagon. I am heading over to the USA next week to give it a shot but i will be focusing on Texas area . Would like to hear from anyone who has been there or...

Thanks BF Looks like a good spot to me Cheers Rick

Thanks for the link J

Hi BF Are you joking or are you serious? I am looking at bunbury , I was over there last year and thought that bunbury was such a beautiful place and I was supprised at the price of property . Thought its was cheap , but I dont really dont know anything about the area. Would like to hear...

Thanks quiggles I read parts of your story everyday , I have probably read it all a few times now and admire what you have done. I am heading over there in september or october depending on work commitments. Cheers Rick

Hi Quiggles, Thank you for your repley .Do you think you will be doing anymore investing in the US? What about the finance prblem any luck with that? Cheers Rick

Hi quiggles, Its now been some time since you bought your first propertys in these areas , how are they all going? are they all tenented ? is your property manager doing a good job for you? how about the finance issue? Will you be investing more in these areas? Would just like to get a...

Id be chasing more than the 11 second solution that fomula should be for basic property not property that is open to risk as much as a motel. What happens if a new motel opens up near by or if it is in a area were holidayers go it is open to change of the economy. Dont want to put a downer on it...

What does it matter , if the figures are good to you and there is a dollar to be made , you should be able to work out its value. Cheers Rick