Hi, my names dave.g and im 22. Im really keen on buying as much property as i can in the future to secure financial independance for me and my family. Im just getting started and have been really inspired by what Steve and Dave have managed to achieive.
Im still learning, and have a long way to go before i would even consider myself to have a basic knowledge in real estate, but im hungry for knowledge and will never be contempt with what i know. but in the meantime please bare with me if what i say doesnt make any sense etc.
Ok, my problem is not that i cant find property that fits the 11 second solution ( i cant do that anyway), because i dont even know where to look when trying to buy real estate. and what i mean by that is i cant seem to find ads that show how much a property that is for sale rents for. Am i missing something here…. is it nessesary for me to ring every number on every advertisement to find out how much a place rents for??? ive been to realestate.com.au a few other websites and have looked at local realestate stores in my area, but nothing. how am i even meant to start sifting for CF+ properties if i cant easily find there purchase and rental values???
Probably a really stupid question (as i cant see of anyone else who has had this kind of problem) but i would really appreaciate some help.
Thanks guys.
Dave.Hi Dave,
it’s not easy starting out but you’re young and eager so there is lots of hope for you. I’m suprised you haven’t been able to find any ads where they quote the sale price and rental amount. 5113 (postcode) is an area north of Adelaide that has a very high percentage of rental properties (opposed to owner occupiers).
It’s not the best place in the world but you will find plenty of ads with the rental yield shown. Trust me when I say they won’t meet the 11 second solution and I’m not saying it’s a good place to invest but you may have suburb or post code near you that also has a high rental market. These areas are the ones that are more likely to advertise the rental yield as well as sale price.
So try searching 5113 or somewhere you know and maybe you’ll have better luck.
Happy searching
MikeHi Dave
If you haven’t already, have a look at:
https://www.propertyinvesting.com/forum/topic/22508.htmlCheers, Paul
Paul & Karen Dobson
negative2positive
Turn your negatively geared property into a positive cashflow investment.
Phone: (02) 4984 9540Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
Hi Dave,
I wish I started investing in property at your age.
I’ll give you a bit of a hint….. Look at some mining towns and regional areas. You are not the only one that cannot find CF+ properties at the moment. They are out there, you just have to know the secrets to finding them. You also need to be aware of the risks involved before you jump in to anything too quickly.
Todd Burns
http://www.freepropertyhelp.com.auHi Dave
Welcome and Good Luck to you!
When you say you don’t know where to look do you mean you haven’t yet found realestate.com.au and domain.com.au – if not give it a go they are good sites to start with and you can link to many real estate agents and check out their own sites from there also. Many properties on those sites include the rental income but not all.
OOps I just came back to edit my post – did you edit yours I didn’t notice your mention of web sites that you had viewed first time I looked?
Sparky
Hi dave,
try not to put the cart before the horse. if you are keen on building a large portfolio have a nice long meeting with a mortgage broker who you trust and talk about what your borrowing capacity is and discuss how you caspacity to borrow will change over time depending on the investments you make!
regards
Don
I Buy Property http://www.cashflowproperties.co.nz
Don Nicolussi | Mortgage Broker - Home Loan Warehouse
http://homeloanwarehouse.com.au
Email Me | Phone Me"I think of finance as a technology, a way of getting things done." Robert Shiller
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