Elizabeth Downs -Hot lead for low cost Mortgagee Sale

[TMNT]

TMNT:

All comes down to your investment strategy. I just look at it that if you have to wait for land values to increase by 40% to make break even costs, it's probably not a developers delight initially. As to what properties are out there which provide better yields and cheaper per sqm, I'm not a Buyers Agent so I'll be keeping those finds to myself.

haha fair enough, I wasnt fishing for deals, just wondering what rent and purchase price you were talking about,

and yes I agree about not having to wait for developments site, however, im looking for a long term buy and hold and develop eventually, while being cashflow positive/neutral

thansk for your help DT and Cjay

 

[Joeyv]

Yea overpriced lol

Offer $85k

 

[TMNT]

Yea overpriced lol

Offer $85k

I guess it depends on what your intentions are

Buy, hold and tear down eventually, then you could patch up the cracks and rent it out until tear down

 

[Joeyv]

Are both side for sale? Can't tear down only 1 half if you don't own the other

 

[D.T.]

I guess it depends on what your intentions are

Buy, hold and tear down eventually, then you could patch up the cracks and rent it out until tear down

Tear down a semi? What will your neighbors think?

 

[TMNT]

Tear down a semi? What will your neighbors think?

im sure they wont notice......

or maybe i can bribe them with a carton of winfield blues

or maybe they will be soooooo high they wont notice

 

[D.T.]

Pretty sure its on Affordable Homes program anyway?

 

[jim1964]

Tear down a semi?

Or Three!!!! Not area related but interesting!!!!

http://www.realestate.com.au/property-house-sa-mount+barker-118110787

 

[D.T.]

Or Three!!!! Not area related but interesting!!!!

http://www.realestate.com.au/property-house-sa-mount+barker-118110787

Planning to tear them down?

 

[SOULFLY3]

any way of hunting down owners to an adjoining semi?
wish I didnt buy 2 semis but did and it would be alright to try and make an offer to the owners of the neighbouring.. might even been DOH

thanks!

 

[D.T.]

Just email playford asking if they mind passing your contact details on

 

[Truly Exotic]

any way of hunting down owners to an adjoining semi?
wish I didnt buy 2 semis but did and it would be alright to try and make an offer to the owners of the neighbouring.. might even been DOH

thanks!

try this way, like I did, call up a good agent, tell them you heard a rumour that the owner of the property is looking to list the property, dont tell them you own next door, and if they are proactive or have some time, they will find out who the owner is and contact them

 

[SOULFLY3]

try this way, like I did, call up a good agent, tell them you heard a rumour that the owner of the property is looking to list the property, dont tell them you own next door, and if they are proactive or have some time, they will find out who the owner is and contact them

ha ha nice work! Ill give it a crack

 

[Corey Batt]

I you pay the council ~$5 they will provide you with their contract records for any owners.

 

[spludgey]

Got another one in Elizabeth North for $145k. It's only paying $220 a week in rent, but it's freestanding and rent hasn't increased in over three years.

Now I just need to hope that finance comes through for all of them!

 

[2FAST4U]

I saw a couple of semi's going at Elizabeth Park for 130k each. One of them was under the affordable home scheme and eligible to first home buyers only. The other one was this one but it's already under contract.
http://www.realestate.com.au/property-house-sa-elizabeth+park-117946731

 

[Anon_]

Okay ... Who wants to syndicate this with me?

We only need 3.5 million.

http://www.realestate.com.au/property-unitblock-sa-glenelg-118000563

 

[jim1964]

Im in.Corfu = Party.

 

[angel investor]

agree for sure!

 

[Danrc]

I have $1.50 on my desk that I'm willing to chip in