There is an old saying from the country my parents come from.
"When a good horse gallops it leaves a lot of dust behind it"
Shouldn't that be bull instead of horse?
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There is an old saying from the country my parents come from.
"When a good horse gallops it leaves a lot of dust behind it"
I just read some of those comments and I nearly threw up.
Most sound like uneducated diks (go back to school you vankers!...get a life and one day you might be on TV!) You gotta laugh.
Houses and Holes
April 3, 2014 at 8:11 am
I felt sorry for the lady. The darker angels on her shoulder and whispers of a spruiker has overwhelmed
Here's one of the comments ! LMAO
Just be grateful that they exist , otherwise who would rent our IP's
Cliff
Shouldn't that be bull instead of horse?
Cool story, wish I knew earlier I would quit school at 14 as well. Sign me up
Hey guys,
I am happy to say that I worked with for Nathan and Binvested a couple years ago on Deal Finder and also assisted with sourcing deals for the buyers agency service.
For everyone that does not have the time or interest in building trust and relationships with real estate agents all around the country I believe that what Nathan and Binvested offer is one of the best services in Australia.
There are no hidden agendas and everyone is 100% genuine and honest.
There is an old saying from the country my parents come from.
"When a good horse gallops it leaves a lot of dust behind it"
Looks like there has been quite a lot of dust on this thread lol
Thanks for reading and have a great day.
This is Nathan's property.On the back of this, i figured i would see whats on offer at Moree and came across this.
So can anyone tell me whats wrong with this property at Moree?
http://www.domain.com.au/property/for-sale/house/nsw/moree/?adid=2011051836
(Not a trick question, I genuinely what to know).
$89,000 x 5% = $4,450
Weekly cost = $85.57.
If weekly rent is $150, then its straight out positively geared... what am i missing? There's got to be a catch.
This is Nathan's property.
Why is Nathan using an agent from Cabramatta to sell something in Moree? 633kms is a fair way to drive for an OFI.. You'd think he'd achieve a better price using a local agent who could at least take some internal photos and market the property properly?
Very low growth area and not an easy area to sell.
$150 x 52 = $7,800
$89,000 on 5% = $4,450
that's $3,350 cash flow...but once you add in agent repairs, maintenance and insurance ( insurance is NOT CHEAP in moree..as it's a known flood area)- net cash flow doesn't look as pretty ..and chuck in ONE repair cost ie broken hot water system or leaking pipe = gg!
**land tax ~$60 per sq meter in this area so $60 x 831 = $49,860 FYI.
This is Nathan's property.
Why is Nathan using an agent from Cabramatta to sell something in Moree? 633kms is a fair way to drive for an OFI.. You'd think he'd achieve a better price using a local agent who could at least take some internal photos and market the property properly?
saying a property is worth x amount is not necessarily true unless it is actually sold for that amount. sometimes, timing, position and lots of other factors play into it.
take the block auction for e.g. didn't think their apartment was any good but due to few buyers missing out till the very end. had they auction first, they would not be the winners. timing was their factor being last.
Very low growth area and not an easy area to sell.
$150 x 52 = $7,800
$89,000 on 5% = $4,450
that's $3,350 cash flow...but once you add in agent repairs, maintenance and insurance ( insurance is NOT CHEAP in moree..as it's a known flood area)- net cash flow doesn't look as pretty ..and chuck in ONE repair cost ie broken hot water system or leaking pipe = gg!
**land tax ~$60 per sq meter in this area so $60 x 831 = $49,860 FYI.
Here is a more in depth one which will paint a less rosy picture unfortunately,
INCOME
$150 (8.7% yield) x 52 = $7,800
Total: $7800
EXPENSES
$89,000 on 5% = $4,450
$686 in management fees (8.8%)
$800 insurance
$400 Maintenance
$1200 Rates
$200 Water Access
Total: $7736
net position: $64 cashflow positive per year
thats best case scenario with NO vacancies and 100% tenancy. Also not including leasing fee , and assuming $200 maintenance twice per year, as Mick C says, one broken HWS and your property is cashflow negative