Forum Replies Created
From reading Steve’s books it seems that some of the deals were done on a $1000 upfront and nothing for 12 months?! (12 month settlement period with access to the property). Am I reading this right?
Would anyone without Steve’s history be able to secure such a deal? even at the asking sale price?
Thanks
I agree. I know of a property that was sold for $290 (before stamp duty) and is now fetching $400 a week in rental return. This is an appartment in a CBD area.
Obviously it’s not +ve geared, but it’s not far off it. This property was not advertised online. The agent simply dropped brochures around and sat on it for a while.
My concern is that most +ve geared properties are located in small towns it seems with 30,000 or less in population, not to mention in remote locations. I would be a lot more comfortable if I know I could drive past every now and then
Has anyone had experience buying, frunishing and rent out furnished? this seems like an ideal way to get close to +ve gearing in urban areas?
Thanks
House Hunter,
I checked out your web site and the property listings. It looks interesting.
I noticed that none of the properties in Australia reach the 10%+ returns that is required to positive gear. However, you do mention strategies on how to improve the odds. How realistic is this? do you have some recent case studies?
Also, any case studies on your US properties, they seem to have huge returns well above the 13% required to positive gear.
I assume the legal/financial/tax complications of investing abroad then to put most people off
Many thanks for your insight.
