Forum Replies Created
Hi Damian,
+CF properties can be a bit hard to find in this market. They are more ‘made’ than ‘found’ these days. What I mean is: Try looking at properties that could benefit from a quick rejuvenation/reno so as to add value(& equity)for the tennant, then you can ask more rent thereby making it +CF. Some suggestions might be like to paint, polish floorboards, carpet, air-conditioner, heater, carport. Whatever is appropriate but not tooo expensive. Tenants will gladly pay more for a clean & comfortable place to call home, and it will rent more quickly.[biggrin]
Maybe you could do a search of the forum for…Positive cashflow property. Or +CF property. Either one is sure to turn up heaps of info for you.Also, you might like to go to the members section and look for DD. She/he is a spotter/bird dog of +CF properties in Sth East Qld. and for a fee can find the type of property you are looking for.
Regards,
Sharon
Hi Veronica,
I’m new to the forum too, and find it a great place to learn.
If there is a specific topic you are interested in, you can go to ‘search’ under ‘forum boards’. I find this turns up heaps of info.I’m sure hubby will see how great +CF property investing is as you go along, but yeah, a bit hard in todays market (some say not hard[blink]).
Don’t be afraid to step outside the comfort zone as you learn more & more. You can do it!
I love renovating too, and have done a couple in recent years. Great fun![smash]
‘Hounding’ the local agents is a great idea, ring them once a week, take them out for coffee on a quiet day (your shout of course[biggrin]) etc. Once they get to know you are a serious buyer, they’ll call!! They love a quick sale!
If you like reading, let me know I can recommend some really good books… you can send me a PM if you like.
All the best.
Regards, SharonSharon
Hi Sam,
Can’t answer your Q about income/lower tax bracket, but I love books. Steves books are great, also Margaret Lomas has several very good ones, and the Reno Kings have a couple of good ones too.
There are two ‘schools of thought’ from what I can gather. The first one is that Positive Cash Flow is the way to go (I agree) and the other is purchasing for capital growth. Peter Spann has a good book about that called ‘How you could build a $10M property portfolio in just 10 yrs’
Other people no doubt have their favourites, but whatever you read, just keep reading and learning and by the time 2 yrs comes around you will be very knowledgable.
Good Luck to you! [biggrin]
Regards, SharonSharon
I think there are more constructive ways of helping each other than calling people CRAZY and telling them it’s a CRAP investment!
I say… good on you for thinking outside the square. Good luck.
Regards,Sharon
Hi Rick,
I found it, very interesting, thank you!
Regards,Sharon
Hi Trish,
I am a Kiwi too (from Tauranga) but have lived In Aust for many years.I have been thinking about purchasing property in NZ, so might be interested in your service at some time in the future. Perhaps later this year.
Are there +CF properties available? Perhaps you could give me some examples. Would you also know the vacany rate in Christchurch?
The more info you could give me the better. I love info.
Also, what is your fee for finding +CF property?
You could send me a PM (private message) if you like, or e-mail.
Thanks, RegardsSharon
Hi, welcome to the forum, I’m a newbie too!
Maybe you could try doing a search at http://www.yellowpages.com.au
Hope this helps, good luck[biggrin]
Regards,Sharon
You go girl!
I’m just starting out too. I have one IP at this stage, but have some exciting plans for 2005 and beyond.
If you like reading you will gain a wealth of information from Steve McKnigts books.
I can also recommend any of Margaret Lomas’ books, and the Reno Kings have some good ones too.
If you are looking for some motivational reading I suggest: You Can Do It, by Paul Hanna.
They all should be available from your local library[biggrin]
Hope this helps (knowledge is power), good luck!
Regards, SharonSharon
