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Hi all, I just thought I would share a quick update on how this property has performed over the past 10 months since it settled on the 19th March 2014. The property was purchased at $165,000 with a day one rental income of $280pw (day one yield of 8.82%). I just received valuation...

Hi sandyfeet, Thanks for the kind words. I'm glad my journey has inspired you :) I'll break your question down into two sections; a) Deposits, and b) Holding costs In terms of deposits, naturally over time I have moved from pure post-tax savings to more equity focused. Unfortunately in the...

Thanks for the kind words MsAli. Absolutely worth it, no questions asked. For the record, I didn't pay $10,000 for this property (not close). There's no way a beginner like me would have had access to a deal like this without their services, nor the time to negotiate/speak with agents/develop...

Hi Rooky, Thanks for the kind words. RPG is Right Property Group. There is plenty of threads on this forum about buyers agents - pros, cons, what to look for, what Q's to ask, whether they add value, who to use etc. It's very much an individual choice - I've had success with them as it has...

Images 2: Kind regards, N

Hi guys, Just got back from QLD inspecting this property. Very bread and butter cash flow property in a tidy and quiet complex in an area for future capital growth upside. All is going well - tenants pay on time, have minimal maintenance requests, and look after the property. Current rent is...

Hi Robbo I used RPG. I really like their strategy as it fits very much in line with my risk profile and long term aspirations. I'm still very hands on in terms of due diligence, but I didn't have the expertise in the QLD market and work made it very difficult for me to travel there etc. I'd...

Thanks for the kind words. The street was unaffected during the 2011 floods. Here a link to the Logan City Council floop maps for the Street: http://www.logan.qld.gov.au/__data/assets/pdf_file/0010/80479/Flood_Maps_2013_v2_11.pdf Regards, N

Thanks for the kind words Dazz. The QLD market has struggled the past few years - I think the floods in 2011 had a huge impact. I've spoken with the agent on the property selling in the same complex, and he has mentioned he has an offer at $185,000 cash unconditional. Here is the link to that...

Thanks for the kind words. We had exchanged contracts before it 'hit' the market per-say. Contracts had been signed by both parties and we were in the cool off period by the time the ad went up on RE.com.au. It was a fire sale due to a divorce. I feel like I've bought at the bottom of the...

Thanks for the kind words guys. This purchase was a long term buy and hold. The property strategy was to buy under market value and the numbers needed to work from day one (I.e the property needed to stand on it's own without affecting lifestyle). I'm expecting to recycle equity quickly and...

Hi guys, Thanks again for all the outstanding content on the site - even though I probably haven't contributed as much as I would've liked, I've spent countless hours reading and researching based on the contributions of the members here (so thank you). Just thought I'd pop my head in and...