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  1. Andrew_A

    Distressed properties for sale

    1) Setup email alerts in the real estate portals. I prefer suburb by suburb. 2) Setup gmail acount 3) Send alerts to the gmail account, will be hundreds per day if doing an entire capital city This way you have an awesome long term record and very powerful search engine at your disposal...
  2. Andrew_A

    Distressed properties for sale

    Regarding mispricing it does happen but in this era there seem to be enough smarties with enough cash to pounce quickly. Two recent examples 1) Agent underestimates GFA for unit development block by about 2-3 units in advertising and when you speak with him, multiple offers with cash...
  3. Andrew_A

    Distressed properties for sale

    There is no objective criteria so far, what is distress and what is a bargain!? If you start with budget, property type, location, desired yield, desired outcome, exit strategy that would help your search. Unless a large renovation job is on the cards I believe the best bargains are to be...
  4. Andrew_A

    Distressed properties for sale

    We are really talking about bargains here unless you specifically enjoy helping people who really need to sell. With bargains it's a case of doing the legwork, building contacts and being in touch with a market, not sure there are any reliable shortcuts. Number 1 tip for securing a bargain...
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