Hey all of fellow Aussie's :)I just booked my tickets and will be visiting the great land down under this year from March 1st - March 9th.Anyone that's in Sydney and keen for a catch up, please drop me an email via my signature below.I'll be doing 3-4 days of meetings and spending the rest with family an friends.Haven't been home in over 3 years so really looking forward to the trip :)

Both the $1M and the $5K per month are out there and available without a lottery ticket.  

They are not usually buying on the MLS where there are no deals today.Their rehab costs are far lower than the individual because they have better sources for big ticket items like HVAC and other materials.

You only need a couple hundred bucks for a plane ticket and a couple days.

I would say that deals fall through on about 50% of the inspections that i perform on flipped properties because of these big ticket item being neglected by the flippers.

This compares with the widely viewed apartment data income and expense of 10%.Looks to me like while they are high on management fees they have avoided the big ticket items by having newer properties.

Of course it's not a long drive or a plane ticket if they have to head up and get something straightened out.

I would love to learn more about house hacking, sounds like just the ticket. 

We stage all our houses but I have seen bad staging jobs so it isn't a golden ticket.

Normally when my rent comes in every month, I have 6-7k leftover after my mortgage payments and other expenses come out, I thought about throwing 90% of the leftover funds towards the HELOC balance every month, and use the HELOC as a checking account of sorts, mainly if I had some big ticket expense that I wasn't expecting, I would just transfer that money from the HELOC back to my main checking.