Assuming you make 30k per year and have $50,000 cash and no other assets or partner that also has a salary.

Is it really a good idea to maximize your interest deduction when GLEN is only making 30k  and paying roughly $2,300 in tax per year. Borrowing 500k (100%) at 6% will cost you $30,000 in interest alone. That’s all your salary. At your…[Read more]

Here are two properties that are positive cash flow:
75 Simpson Street Somerset Tas 7322
55 Martin Street Wynyard Tas 7325
Negatives are that it’s located in Tasmania and capital growth will be minimal.

Hi Terry, yes Multiple Unit Development.
This would be my first development and I already own the land.
It was more a question to find out the importance banks place on presales. Assuming most units are already presold (10% deposit collected) and the numbers stack up would they lend at high LVR’s?

If anyone is interested in testing the tool PM your email address and I will add you to a list. Alternatively just keep an eye on this forum. I will announce on here when the online version will be ready.

This would be quite easy to make. I think there are some apps already out there that do this.

Thanks Jamie :)
Am trying to generate a discussion and get some more info from the members:

Whether they have come across something similar before (I couldn’t find any similar services, except people that would find properties for you)
Whether it would offer any benefits to established investors who already have a current system in place and…[Read more]

Would anyone be interested in an online tool that can find positive cashflow properties (provide you with the address) and identify suburbs/regions that are positive cashflow throughout Australia?
I developed a prototype just for fun and it seems to be working. It won’t guarantee that the property will be +CF but it will narrow the list of…[Read more]