Hi all

Exciting stuff this week as I found two suitable properties and have made an offer on one of them which has been accepted! I am now doing more homework to make sure that I can proceed with a dual occupancy on the block.

When making an offer on a property, it is a good idea to offer lower than what you want to pay - you can always make a 2nd offer if you get a 'No'. This weeks tip: When you make your first offer try and end it in a 7. ie. Property is on the market at $300,000 so offer $287,000. 7 is the magic # whether you are selling something or buying something. If you get a 'No' on your 1st offer, leave it for a few days and then offer an odd amount such as $291, 470. Let the real estate agent know that you have scraped absolutely every penny together and this is your final offer! In my case, the vendor accepted my first offer.

I have chosen the house design for the 2nd dwelling and have done some more research with council. I will be physically checking the property again this week to take notes on what needs to be done to prepare the property for a quick makeover. As for the other property, it is a viable 6 unit site and after some valuable advice from a propety developer friend, I believe I can make a go of this opportunity as well.

Till next time,
Fran