Search results

Might be a few fire damaged sales in the Blue Mountains coming up :D Ask Nathan Birch for advice :D

most purchases have been through banks or court orders which aren't really negotiable...deals that make it across the line are usually severely BMV which absorbs any costs of surprises.....nonetheless, it still takes cash to fix which again, having a buffer is important. I've done B&P twice...

agree with most of the above which is why i think its very risky to spend all of $100k to buy 2 or 3 properties without any buffer which, lets be honest, will be older houses in lower socio economic areas but i dont necessarily agree with more houses = more risk....its always nice to have...

?:confused::rolleyes:

bear in mind it doesn't include vacancies, general maintenance, extra fees from PM's/banks, initial "fix up" period, professional tenants that insurance policies don't cover etc etc... easily adds to $1 - 2k per year...times that by a couple of properties and it becomes significant some of...

Dunno...so you can feel good about yourself? :D:D

These are just numbers you've pulled out of your head...can we get some real examples?? and are you factoring all costs?? I've held 13 properties in the logan area for the past 4 years most around 8% gross yield and once ALL expenses are accounted for, they are barely neutral and I have cashflow...

$240 - $250 for that without any reno on a main road? good luck this has been on the market for sometime at $230pw on a quiet st,, freshly painted, and garage + carport.... http://www.realestate.com.au/property-house-sa-elizabeth+park-408488927 for $230...so lets assume $220pw for your...

Show me one you can buy today Not one you bought 12 months ago :rolleyes::rolleyes::rolleyes::rolleyes:

congratulations - but we're not talking about your properties :rolleyes: $10k was an example...an outdoor deck/patio area deemed unsafe after tenants had moved in show me a genuine positively geared property in Logan or wherever you buy today at 90% lvr ....and also without the need to...

You're also making the following assumptions; positively geared (good luck in todays market at 90%+ LVR) rented from day 1 no 'teething problems' or quick touchups on settlement $0 living expenses I guess everyones risk profile is different .... I have had bills around $10,000 worth of...

Terrible strategy IMO...leaves you with almost $0 for emergencies...2 weeks vacancy or a hot water tank replacement and you're screwed...especially at 90% lvr lol Should always leave at least $20k buffer in the bank