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Yes, not much growth vs effort for me either but we're still ahead and thats all that counts

Does anyone here have a recommendation for a new sales agent in Frankston?

Really? It's on McMahons so pretty decent area. Had lots of people through but only the 2 Investors who one couldnt get finance and the others getting scared of the few minor defects on building report. To be fair it's been "under contract" for most if the time so far though and only three opens

Still struggling with this sale.. 2nd contract now and buyers want a reduction for FA.. I said no cause I feel there's an easy $50k on it"s way within the next year or so give or take. Geez Frankston investors are cheap.. But hey, must be good cause they've been placing the contact and then...

Another thing I dislike about Frankston as an investment is the ridiculously low rents. I was out of pocket almost $10k a year before tax and never saw one increase in five years. I don't doubt theres capital to be made therr in the near future though. I just have different goals right now that...

In a nutshell, Im paying down the mortgage and semi retiring. So we've made it to the first leg of our journey, going to buy a fancy IP 105% financed and sit back n watch that grow with the others. Still same investment results n numbers but way less mortgage and work.

Although.. The agent never quoted more than $360 as a figure so it still sounds fair. I just don't know the market intimately though so relied on him. He said we should get between 50 & 60 and we did

Yes probably and unfortunately for me. On the other hand a property is only worth what people are willing to pay for it. IF the agent is honest. Win some, lose some but I still make a profit so not so bad

It was a tadd more but close enough. I just wanted it gone and those others took contracts but supposedly never made an offer so out of fear I accepted

Haha. Good spot. Yes! Thats more like it. I hope the agent wasn't just after a quick sale. I did a little rrsearch and it seems about right

550 bro. Rennoed kitchen, bathroom, ensuite. Not a bad joint. 4 beds. Sold for $550k

Well mine didn't get near that mark on McMahons. Maybe because the smaller block or something.

From memory its around 550sq so not sure?

Just heard back from agent. We had 22 groups through today and multiple contracts out. Very promising indeed

Well it's been a week on the market and have just received a contract for a good price. One more open to see if anyobe else's keen before I sign on. We had 7 contracts go out for it last week so it seems things are heating up

You've a healthy sense of humour sir

Mine's a couple streets from the beach (McMahons) and only $350 if you're keen

Ive just placed a house in F central on the market. Had since 09 and its been stagnant. Never a rental increase in that time. Jusr going to place cash from sale nto kortgage. Might pocket $50k