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That's good advice too, thanks minx :)

Thanks RE and Blaster, I'll keep my eye out :) Reading these forums is certainly helping me to think outside the square!

How do you hear about those sorts of houses? Are you mates with a few real estate agents in the area who pass them to you? Or do you find them on re.dom or domain?

Hehe thanks RE and Blue Card! I'm looking forward to buying my first IP and trying out some of these negotiation techniques =)

How do you purchase properties well below the market value? Is it through aggressive negotiations, unconditional settlements and deposit cheques attached to the offer?