quote:
Hi taylah111

Don’t look at the obvious either, I found a block of units for sale in Armidale far north NSW, 13 units and 5 storage sheds.

On the surface the deal looked like this
13 x (approx) 110pw = $1430/2×1000= $715k
Asking price $675k not bad so far, the 5 storgae sheds were also renting for $150pw each
So now we have 1430 + (150×5)…

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quote:
hi taylah,

firstly I wouldn’t call Cairns a rural town….

yes you are right about the lower end of the market, in my experience the better returns are found there.

It sounds like you are looking for +ve CF properties in the places where you find negative geared ones.

If you are ‘deciding on an area’ based on “growth, population and…

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there are plenty of +ve cash flow properties, just keep searching, i swear i find one in every search i do, and i havent searched in a week only reason is causei have to wait for some more finance.

look harder

Dear still in school,
what are you searching, is their a site that searches for cheap properties and brings them up all in…[Read more]

quote:
Taylah

What is wrong with property under 80K? If you buy 2 that 160K invested positively etc. I guess you have to add stamp duty etc but the figures can work out.

Good Luck

NOTHING is wrong is property under 80K, I just can’t find anything that cheap, thats my question, do they exist?

Hi everyone, I am having trouble too, I have looked up and down and in the west from cairns to melborne and cannot find an area that has low home prices and reasonable rent. With a market so hot as if you are going to get a place valued 20 – 50 K lower than other homes and still get the same rent. I am getting a bit bitter about this 11 sec rule,…[Read more]

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clownsta,

In Bris, all the bookstores now have supplies so try any of the major bookstores including Myer / Grace Bros.

We had been getting $380 pwk for a one bedroom unit that cost $150K. The 11 sec rule – $380/2 x 1000 = $190K so buy at less than $190K fits the 11 sec rule for a + ve cashflow property.

bribie

Hi Everyone, thankyou for your input, its encouraging to know that others are in the same boat. Off to Lithgow tommorrow, so well see what that brings.

quote:
Hi Tayla,
I drove 800km in a day and found our first property. But it was all worth it!! Now because we have bought a property, the agent is now a great contact and is letting us know of properties on the market, before they are on the net or in their windows. So it really is worth a drive, even if it is to start a relationship with an…

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