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  1. Rixter

    FAQ: How do I buy in a different city?

    Now ask yourself based upon your due diligence is this area and property likely to provide you with the specific CG, yield and depreciation levels you are looking for over your required time period?
  2. Rixter

    FAQ: How do I buy in a different city?

    What are you looking for it to do?
  3. Rixter

    FAQ: How do I buy in a different city?

    Push through the fear barrier - its only a perception...that's how successful investors move out of their comfort zones to create wealth.
  4. Rixter

    FAQ: How do I buy in a different city?

    Hi John - I like to work on the philosophy of keeping it all simple and I would most definitely keep the same structure starting out again - would you change a system proven to build a multi $million property portfolio with? If it aint broken dont touch it.
  5. Rixter

    FAQ: How do I buy in a different city?

    I do all my due diligence online, by phone, fax, email, maps etc the same as I would when Im purchasing in WA. I target my areas from a Macro level then fly interstate to conduct the final micro level due diligence from street level. If im targeting areas Im not familiar with I ear mark a few &...
  6. Rixter

    FAQ: How do I buy in a different city?

    Depends on the ball game and which side ones playing for. ;) As usual, no right or wrong way - just different ways. Its up to the individual based upon their knowledge/experience level, goals, time frames, financial position and individual risk profile.
  7. Rixter

    FAQ: How do I buy in a different city?

    John, they are commonly known as 'buyers agents'. and have been around for a few years now. Fees vary but 2.5% is a ball park. Alot require an upfront fee to cover their DD costs then a balance worked out on % of sale price. I personally do my own DD, organise a air ticket, accommodation, car...
  8. Rixter

    FAQ: How do I buy in a different city?

    Rav, Sorry for the delay in answering, i've just stumbled across your question. Micro due diligence is my research inside the immediate local area to where the property is located (ie quality of housing nearby, distance to amenities/infrastructures etc etc) & the specific property attributes...
  9. Rixter

    FAQ: How do I buy in a different city?

    Stockt12, Yes I book air fares, accommodation & hire car online then fly over usually for a period of 7 to 10 days. In that time I get out & about in my chosen areas identified by my previous Macro DD. Then inspect everything that meets my purchasing criteria at the Micro DD level. If I...
  10. Rixter

    FAQ: How do I buy in a different city?

    Rav, I live in Perth and invest in Brisbane property. Have been doing so regularly since 2003. I do my macro due diligence from here in Perth via internet etc and fly over for a period usually 7-10 days to conduct my micro due diligence. If you want to know finer details feel free to...
  11. Rixter

    FAQ: How do I buy in a different city?

    Hi DiamondsAlways, I have a few property in various states. I do this because its part of my big picture & overall objectives I'm wanting to achieve. Sure you may not see the need for applying a strategy that involves purchasing afar but others do. Its just that your not in their shoes to...
  12. Rixter

    FAQ: How do I buy in a different city?

    FJH< What suburb was the property located in?
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