Another sight unseen buyer - thanks D.T. #2!

Much like @devank we have had a very positive experience with @D.T. and his interstate buyers service. Here's what he's done for us:
Checked out a couple of properties for us in our target areas. Even kept his eyes peeled for us with new properties coming on the market in our target areas.

Organized to inspect properties within a few hours of us contacting him with the details. Gave us a thorough run down of his thoughts on the properties he inspected and the areas they were in.

He even gave us an idea of what was happening on the ground with numbers at inspections and what was going on at the 'micro' market level.

He 'Sussed out' the existing tenant in one of the properties which we are now unconditional on and gave us his appraisal on the rent they are paying compared to market rent for the area and that they were definitely 'keeper' tenants.

On top of all this, it's the little things that have very much impressed me about David. Highly motivated, an investor himself, highly organised, easy to communicate with. Answers my emails at 10pm! I know there are things I have forgotten but these are the ones that come to mind.

Really looking forward to having David as our new guru Property Manager!

 

Thanks for the kind words

You found a pretty nice deal there.

 

It's good to see you have been able to leverage the service of a fellow poster @Magnet

Hearing good things about @D.T. lately. Hopefully he can keep up the high standard he has set

 

Are you comfortable with quoting numbers?

 

Happy to quote numbers after we settle on 29 April, 2016

 

Look forward to seeing what you've purchased. Interstate activity in Adelaide is rising consistently - it's positive to see people using innovative options to help with their property research (remote based inspections etc).

 

Very much so Corey. My current two client searches are forum members, and have one on waitlist too who is also a member.

 

Ok @Santaslayer here are the number on our latest Salisbury North property...
Purchase price $305,000
Rent $340
Yield after tax 7.58%
Lots of good depreciation in there makes this one our best performer to date.

 

Glad you found something that fits your strategy Magnet. These tenants seem nice and will be long termers

 

That's what we love to here! Good tenants that want to stay put.

 

@D.T. is awesome.

Any deals for me DT?

 

Not a BA. Can recommend one though if you need?

 

Ol DT is on the ball that's for sure! Quick to respond to emails and on top of it before you need to mention anything

 

Give @DaveM a call! Another satisfied customer here!

 

Hopefully I can look at Adelaide very soon too.

 

31 Deemster Avenue Christies Beach SA 5165 31 Deemster Avenue Christies Beach SA 5165 - House for Sale #122035170 - realestate.com.au @D.T. And @DaveM this property has been on market for a long time and still available. Has price got to do with it?

 

More to do with it being a tiny house on a small block made of fibro and with what looks like asbestos backed fake brick cladding.

 

It is small, less than 400sqm where you can get another more than 700sqm for a bit more.

 

A very subpar property - I'd be very careful with security like this, as they will perpetually suffer from poor valuations due to inferior house size, land size and build materials. In property selection its best to never be out of the norm, lest you can damage your ability to draw from your value long term.

 

Hi,
Not trying to be a sarcastic or anything, but I'm monitoring the Adelaide market:
Isn't it (340 x 52) / 305,000 = 5.8%

Salisbury North sounds like a perfect fit for my strategy as well.