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Hello from Sydney...Hoping to go from 0IP's to 1IP

Discussion in 'Introductions' started by twistedstats, 3rd Aug, 2015.

  1. twistedstats

    twistedstats Well-Known Member

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    Joined Somersoft not long before it closed down so introducing myself here :). Looking for an IP in Brisbane (how surprising!) and hoping to learn a lot from this forum as well.

    Work in finance so pretty comfortable crunching the numbers but the *slight* lack of confidence in interstate stock selection is making me hesitant to pull the trigger.
     
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  2. bob shovel

    bob shovel Well-Known Member

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    Gday twisted!
    first things first.... Change the thread title to "GOING to go from 0ips to 1ip!"

    Keep reading and researching, then hand over a bunch of money! ;) there's been plenty of bris and a good thread or two on interstate buying. look at jumping on a plane for a weekend to get a feel for a few areas and properties
     
  3. Chilliblue

    Chilliblue Well-Known Member

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    Welcome twisted stats, what suburbs are you looking at?
     
  4. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    Welcome @twistedstats. Looking forward to your contributions.

    As for the interstate buying, narrow down some areas of interest then hop a plane a few times and get on the ground. It will be the bridge between wanting to buy and having the confidence and knowledge to do so. :)

    In the mean time, read heaps, ask lots of questions and enjoy the experience!
     
  5. twistedstats

    twistedstats Well-Known Member

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    Thanks guys.....may have given me the kick up the backside I need to finally fly up there..
     
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  6. Wandercro

    Wandercro Active Member

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    Definitely recommend going up there and checking it out. Did it about a month ago. There is only so much you can do online and being on the ground gives you a "feel" for the area your looking at. Also good to meet some RE and speak face to face.

    Like you I'm also a noob and working on my first. My biggest problem at the moment is a lot of stock is under contract straight away! Just need to keep looking.
     
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  7. wombat777

    wombat777 Well-Known Member Premium Member

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    I used a Buyer's Agent. It did help having someone on the ground to do the searching / inspecting for me.

    I does help to be generally familiar with an area so a trip north is worthwhile if you have the time.
     
  8. twistedstats

    twistedstats Well-Known Member

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    Yeah, having the same problem. Just have to book the flight and hopefully something pops up same day. I'm seeing quite a lot of listings on re in the areas I'm looking at North or South Brisbane but any houses priced well in the ideal investor "price range" of 400-500K seems to go quick. Maybe sight unseen is the way to go.....
     
  9. Steven Ryan

    Steven Ryan Mortgage Broker Business Plus Member

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    *KICK*

    Do it :)

    It's the best way.
     
  10. Gockie

    Gockie I'm an ISTP-A female, so I might be a bit quirky! Premium Member

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    Even enquire on properties without open times or properties that are listed without an address. Its a bit more work but if you find them, could be better buys due to less competition.

    The buy I got was listed without an open time, the 2 blokes (agents) both went on holidays that weekend.... I have a feeling at least one of those agents goes on holidays outside of Brisbane every second week or so.

    I drove over to see the listed property even though it wasn't listed as having an open and bay views greeted me from the front lawn... I texted both agents on the phone to find out if it was under offer, and luck has it, I got the reply, no! :)
     
    Last edited: 6th Aug, 2015
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  11. twistedstats

    twistedstats Well-Known Member

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    Nice work...
     
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