All Topics / General Property / $$$ Flow Positive Stories!!!

Viewing 20 posts - 1 through 20 (of 74 total)
  • Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    This could be the most interesting topic to date!!![:D]

    Could EVERYONE who has purchased a recent cash flow positive investment (residential, commercial etc.) please post a short story on:

    1) When you purchased your investment?
    2) How much you paid for it?
    3) What structure is the investment (eg: buy and hold, vendor wrapping etc.)?
    4) What is the weekly gross rent (income)?
    5) What your net Cash Flow is?

    Keep it short and sweet, be awesome if we could see 100 or more stories of real life Cash Flow Positive stories from real life people!

    Happy story posting!!!

    Julian

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    Come on people,

    Share your stories, even stories from a friend or someone you know. I think that the best form of encouragement is seeing real results from people who have done it!

    I would love to hear from our fellow forum members who have successfully invested in Positive Cash Flow properties.

    Post your story!!!

    Cheers

    Profile photo of BEAR1964BEAR1964
    Participant
    @bear1964
    Join Date: 2003
    Post Count: 702

    1) purchased last week

    2)27,000

    3) buy and hold at this stage but open to review

    4)12 month lease at 100pw

    quote:


    This could be the most interesting topic to date!!![:D]

    Could EVERYONE who has purchased a recent cash flow positive investment (residential, commercial etc.) please post a short story on:

    1) When you purchased your investment?
    2) How much you paid for it?
    3) What structure is the investment (eg: buy and hold, vendor wrapping etc.)?
    4) What is the weekly gross rent (income)?
    5) What your net Cash Flow is?

    Keep it short and sweet, be awesome if we could see 100 or more stories of real life Cash Flow Positive stories from real life people!

    Happy story posting!!!

    Julian


    Profile photo of mcollinsmcollins
    Participant
    @mcollins
    Join Date: 2003
    Post Count: 58

    Where at Bear ?

    If not which state ?

    Profile photo of melbearmelbear
    Member
    @melbear
    Join Date: 2003
    Post Count: 2,429

    1) Will exchange contracts in next couple of weeks.
    2) $175,000 (commercial office)
    3) Buy and hold, will possibly use some area myself at a later date.
    4) $377
    5) Not 100% yet.

    Cheers
    Mel

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    Hi Julian,

    11 properties this year as currnet but given a few days the new total will be 13. Been investing for over 9 months now.

    Though not all my properties are positive. I target all 4 main areas of property investing.

    Positive gearing
    Negative gearing
    Passive gearing
    Neutral gearing

    Using the offset gearing principle as my purchasing strategy.

    cheers
    s.i.s

    Save on a regular basis
    “People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    hi guys

    SIS you have been a busy buyer, well done, i bought 10 in my first year of investing in 1997. what on earth are you talking about “off set gearing principle”. By the way, just be careful, its not the number you buy but the deal that matters, especially in this market.
    my best buy recently was in Dunedin (NZ pop 100,000) the asking price was 70k (which was cheap for Dunedin) and currently let for $170pw. i bought the property for 58k. i expect to add about 20k more when i paint the outside of it. it is about 70pw cash positive with a 20% deposit. the return on cash into the deal is about 35%.
    regards westan

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    Hi Westan,

    thanks for your comments, All the properties i have purchased were under the market value and some have just already double in price, though i will admit, i know you are an excellent investor and many of your posts i have read, show that you have both knowledge but plenty of excellent investment purchases, which i also do admire.

    Offset gearing – is mainly balancing debt and credit but creating finance with amounts of cash flow and quick created equity.

    I will try to find a link and post it here about offset gearing, though i did do alot of talkin about it the other day on here on one of the threads.

    cheers
    s.i.s

    Save on a regular basis
    “People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

    Profile photo of Dianae01Dianae01
    Participant
    @deccles
    Join Date: 2003
    Post Count: 9

    Bought last week
    $250,000
    Within 12ks of the city
    rent $290
    cashflow positive but had to put alot of cash in. I thought it would be better than leaving it in the bank

    Di

    Dianae01
    Email Me

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414

    house 1

    1) When you purchased your investment?
    may
    2) How much you paid for it?
    27,300
    3) What structure is the investment
    buy and hold
    4) What is the weekly gross rent
    110
    5) What your net Cash Flow is
    115 per week minus $11 per week management and
    $1300 per annum rates and insurance.

    house 2

    1) When you purchased your investment?
    june
    2) How much you paid for it?
    16,000 plus 10k renovation
    3) What structure is the investment
    buy and hold
    4) What is the weekly gross rent
    95
    5) What your net Cash Flow is
    115 per week minus $9 per week management and
    $1300 per annum rates and insurance.

    house 3

    1) When you purchased your investment?
    july
    2) How much you paid for it?
    19,000 plus 10K renovation
    3) What structure is the investment
    buy and hold
    4) What is the weekly gross rent
    115
    5) What your net Cash Flow is
    115 per week minus $11 per week management and
    $1300 per annum rates and insurance.

    totals:
    82,300 investment
    12740 in my account every year AFTER costs
    net cashflow yield – about 15 percent.

    cheers-
    Mini

    Profile photo of BEAR1964BEAR1964
    Participant
    @bear1964
    Join Date: 2003
    Post Count: 702

    Well done Mini [:D]

    Keep it up!

    Regards Bear

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844

    Hi Mini,

    they are definetly excellent IP, with excellent returns. Good luck with them

    cheers
    s.i.s

    Save on a regular basis
    “People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”

    Profile photo of MiniMogulMiniMogul
    Participant
    @minimogul
    Join Date: 2002
    Post Count: 1,414

    thanks!!!!

    !!!!!!!!

    Profile photo of Agent007Agent007
    Participant
    @agent007
    Join Date: 2003
    Post Count: 61

    Mini,

    Good work there!

    How much cash did you put in each deal? Or did you gear it up 100%+? That is, no money down.

    Either way your cash on cash return must look very good.

    Good luck with the tenants & property manager.

    Cheers,

    David Paxton
    “You Only Live Twice”

    Profile photo of redwingredwing
    Participant
    @redwing
    Join Date: 2003
    Post Count: 2,733

    Well done Mini..

    as evidenced by your posts a lot of work/time/effort/travel obviously went into your deals.

    As always good to see people doing well.

    At the moment we’re adding value to our PPOR, having just got married. recently put reticulation throughout front and back yard (D.I.Y) for less than quotes for front yard, along with other work ( you can always add value to your own place by doing renovations and building equity )

    looking at getting properties revalued and seeing where we stand before our next move. according to REIWA in the last 3 months our PPOR area has jumped up 15% value and 37% in last 12 months (median house price)

    Keep the stories coming !!

    REDWING

    “The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”

    Profile photo of shaunwalkershaunwalker
    Member
    @shaunwalker
    Join Date: 2003
    Post Count: 403

    When: September 2003
    asking price 220,000
    purchased 210,000 (fully furnished)
    buy and hold
    weekly rent 265 p/w
    (in after tax dollars) $74 a week
    (neg geared pos cashflow)
    of note is that darwin, in last quarter went up 38% in capital growth in the area i bought.

    Profile photo of NailwogNailwog
    Member
    @nailwog
    Join Date: 2003
    Post Count: 13

    hi all
    5 ips in to 18monts
    total cost – 470 000
    income – 61000
    return – 12.9%
    current value – 930 000

    Cheers
    nailwog

    Profile photo of Mortgage HunterMortgage Hunter
    Participant
    @mortgage-hunter
    Join Date: 2003
    Post Count: 3,781

    Just bought a house in a reasonably strong growth area for $315K. Will rent for $520pw in the New Year after a small cosmetic reno <$10K to spend.

    Should be positive esp as the fixed rate is 5.89% for three years.

    Cheers,

    Simon Macks
    Mortgage Broker
    [email protected]
    0425 228 985

    Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.

    Profile photo of westanwestan
    Member
    @westan
    Join Date: 2002
    Post Count: 1,950

    well done guys [:D]

    we have some terrific stories here

    keep up the postings

    westan

    Profile photo of EternityEternity
    Member
    @eternity
    Join Date: 2003
    Post Count: 29

    [8D]These stories have been very helpful indeed!!!

    Thanks to all that have contributed!!!

    Keep the postings coming!!!

Viewing 20 posts - 1 through 20 (of 74 total)

You must be logged in to reply to this topic. If you don't have an account, you can register here.