Photos - terrible, or am I missing something?
- Thread starter jamfc
- Start date
With an inputted price range of $650-$700k, you'd expect the photos to be more revealing than this. Unless there's something to hide.
My money is on it being a crack den with 30 occupants to boot. Hence the extreme close up door knob shots to avoid showing anything that would bring the operation undone
My money is on it being a crack den with 30 occupants to boot. Hence the extreme close up door knob shots to avoid showing anything that would bring the operation undone
It could be a marketing ploy e.g. 'brutally honest photos' with view to a reno or demolish.
On the plus side, at least you have a pretty good idea of what you are getting into.
If the photos are not deliberately bad, it's not that surprising – I recently sold my PPOR and asked the agent to employ a prof photographer. However the agent 'forgot' about my request and had the junior agent take photos of my property - they were %$#@&*^ terrible! Of course I was on the phone quick smart to get good photos taken.
On the plus side, at least you have a pretty good idea of what you are getting into.
If the photos are not deliberately bad, it's not that surprising – I recently sold my PPOR and asked the agent to employ a prof photographer. However the agent 'forgot' about my request and had the junior agent take photos of my property - they were %$#@&*^ terrible! Of course I was on the phone quick smart to get good photos taken.
I wouldn't mind doing up that place at woolloongabba. But I'd want it for $450k not $650k. It has a lot of work to be done. And I highly doubt it's really 6 bedrooms. Woolloongabba would be a good suburb to have a 5 bedroom house in. Rent each room for $165 per week to the students at UQ.
Hi Tim86,If i was offered a 830pw rent on a 450k purchase,with a max 100k reno and set and forget,well i'd jump at it.If this prop is up your alley and you don't mind renting room to room,well give it a stab.Even at raising the bar at eg:550k on your setup is still a good outcome.
Cheers Spades.
Cheers Spades.
Personally, as an agent, I would be embarrassed to put such poor quality photos up on public display and I can't believe that the owner would be happy either. However, i am sure the enquiry level will be really low and as such you may get a good buy!
You can do even better than that. I get $750 per week rent on a house that cost me $305 000 and cost $6000 to reno.
I pay electricity and water and internet, so minus $100 per week for that. But 10.86% return still isn't too bad.
I really don't know why more people don't get more hands on and set up share accommodation houses.
-I just worked out that with all my share accommodation setups I will be looking at $54 700 annual rental profit in 2 years. So that will be a total of 4 years since my first property purchase
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lol, GoPro
