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Totally agree.. love chatting with guys like you to have some sanity checks on what I am thinking of doing..

Could not agree more!!! thanks again to everyone for the guidance so far..

Very true and valuable advice mate.. thanks..

No mate, seller is in Perth who is doing the land & building deal.. I spoke independently to few agents in Hedland who can potentially manage this property when it is finished.. This agent has been helpful and giving me some useful info.. He mentioned there is less demand but still roughly 3...

Nice stuff mate!! well done... all the best and I am sure you will have soon 5 IPs.. I am on $2k per week income as well, but not sure how you pull off 5 IPs with that level of income let alone I am struggling with trying to finalise 1.. Obviously you have a very healthy financial position...

Sounds very good, but having 6-12 months buffer in the form of savings means I probably have to wait another 2 years before I can think about having an IP.. landlord insurance - yes I am aware of that.. I was bit over ambitious and thought there is an insurance policy that pays rent whilst...

Hi mate.. I would love to have a 6-12 months buffer, but out of curiosity how do you guys do it? How does the bank lend you this buffer money? and how did you get back the rent from Insurance, is it the tenants that not paid you the rent due and you claimed on landlord policy?

Yes... you are right!!! I was more banking on signing a long-term lease 3 to 4 years even if it means $100 a week less rent, which is possible as far as I gathered... I could actually push to 6 months being vacant, but have to rely on credit cards & stuff to fund the mortgage payments..

Hi Guys.. Thanks a lot to each one of you for your input... I sincerely appreciate what you have said.. As a matter of fact, I have done my own DD and to an extent have to rely on what other investors/agents are saying.. 8 out of 10 things you research are proving to be positive, but the...

Thanks Blair.. Yes it is going to be the one and only IP I am going to have for now.. was attracted with the $40k per annum net rental and the likely $200k to $300k profit on sale in 2 to 3 years.. The development had 15 or so releases and all of them are sold.. it is not like the seller is...

Although it is a high risk, it still appears to be a positive prospect... As the agent says the vacancy is very low there are still 3 to 4 tenants fighting for one property.. Sale wise these properties if sold a year or two later can fetch more than $1mil to $1.2ml easily or for that matter it...

Hi folks.. hoping you guys will provide some input on this. Just about to sign up for a house & land package for a 4x2 IP in South Hedlands (Catamore) which will cost just about $800k. Speaking to local real estate agents I get that it would fetch around $1,900 to $2,000 a week in rent. Just...