[corynatorParticipant@cbeloJoin Date: 2015Post Count: 2]

August 16, 2015 - 5:42 pm

This is actually something I’ve also been looking into. The positive cashflow is a great reason to buy into one – but I’ve found it hard to find many. I’ve been looking around the Sunshine Coast and I know it’s only web browsing and I should definitely do my due diligence and get in contact with local RE’s but I’m not at that point in my investing career as yet. I’ve also been invited to invest in a new suburb which is being developed but I don’t think that purchasing one of these Dual Key properties off the plan is a good idea as it won’t be complete for approximately 1-2 years, so I personally don’t think it’s a good investment.

That’s all beside the point – my advice would be to do your due diligence and make sure the price is right! I know after reading Steve’s first book, having one of these Dual Key as an IP is perfect for positive cashflow! Which is exactly what you want!

I’ll be here to see what experience others have had.

Goodluck Matt! And welcome to the forum!

[corynatorParticipant@cbeloJoin Date: 2015Post Count: 2]

July 29, 2015 - 5:51 pm

Hi JBC,

I’ve been looking at installing one of these heat pumps in my own home as the running costs are significantly less than a conventional hot water unit. After reading Steve’s books, might I suggest that if you do go through with the Heat Pump, you can speak with your tenant to let them know that running costs will be far less, therefore they will save in electrical costs, but you might add that you will have to increase the rent by $10 pw – so realistically your costs are covered in 5 years. I do also believe that the cost of the heat pump installed is tax deductible on an IP. Someone correct me if I’m wrong but I do also believe I’ve read this in Steve’s book.

As for filters, make sure you’re on top of things and have them changed as required. Don’t leave it to your tenants.

Hope this helped.

*Edit: I feel like I wasn’t clear enough – but what I was getting at was that you’d make the tenant a whole lot happier by reducing their electricity bill, so you could negotiate an increased rental price to eventually cover the cost of the Heat Pump.

• This reply was modified 8 years, 9 months ago by  corynator.