How to buy the first + ve inv property

Viewing 11 posts - 1 through 11 (of 11 total)

John Smith
Member
@john-smith
Join Date: 2004
Post Count: 4
December 20, 2004 - 11:39 pm
New kid on the block needs info and how to find the first property. appreciate anybodys help as I am going around in circles.
Regards John
Monopoly
Member
@monopoly
Join Date: 2004
Post Count: 1,612
December 21, 2004 - 1:34 am
Well maybe if you made it a bit clearer, what it is you want to know, we could help.
To find a property:
Look in local papers
Look on internet sites (eg. http://www.realestate.com.au)
Look in real estate agency windows
Talk to real estate agents
Talk to people in area of interest
For starters…..
Cheers,
Jo
John Smith
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@john-smith
Join Date: 2004
Post Count: 4
December 21, 2004 - 1:50 am
Thanks Jo
I am actually doing those things you suggest but I am puzzled as to how you would actually find one that could be postively geared as each house seems to expensive in the first place. In other words do they really exist.
Thanks again
John
Tough Deal
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@tough-deal
Join Date: 2004
Post Count: 26
December 21, 2004 - 1:54 am
Clearly you two are related.
Monopoly
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@monopoly
Join Date: 2004
Post Count: 1,612
December 21, 2004 - 1:55 am
My apologies John,
I overlooked the title of your thread, and went straight into answering your first post.
Yes there are positive cashflow properties out there, but they are not as common as in previous years. They are difficult to find, but not impossible.
I guess the bottom line is perserverance. Many cashflow positive IPs will be further out from major town centres. Hence, my suggestion is broaden your search field to extend further out, and you may have more luck.
All the best,
Jo
Monopoly
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@monopoly
Join Date: 2004
Post Count: 1,612
December 21, 2004 - 1:58 am
Originally posted by Tough Deal:
Clearly you two are related.
As are you and a few others here no doubt, TD!!![biggrin]
aussierogue
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@aussierogue
Join Date: 2003
Post Count: 983
December 21, 2004 - 3:05 am
hehe – very sharp jo.
PropertyGuru
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@propertyguru
Join Date: 2003
Post Count: 1,502
December 21, 2004 - 3:25 am
Get last couple of issue of API and see the rental reutn of areas that will help you.
Cheers
PropertyGuRu [sultan]
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Kiwi-Fulla
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@kiwi-fulla
Join Date: 2002
Post Count: 371
December 23, 2004 - 10:56 pm
Hey there,
Depends whether you want:
positive gearing = makes money after tax considerations and taken into account… or
positive cashflow = puts money in your pocket prior to any tax considerations at all.
I secure positive cashflow props in Metro without a problem. – you do need to know what you are doing to do this though.
Cheers,
Kiwi
[baaa]
Pat V
Member
@pat-v
Join Date: 2004
Post Count: 9
December 24, 2004 - 11:30 am
Originally posted by Monopoly:
Yes there are positive cashflow properties out there, but they are not as common as in previous years. They are difficult to find, but not impossible.
What is the reason for them being not as common as previously? Is it the current market conditions, the fact that more investors are now after +ve cashflow properties or both of these?
Robbie B
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@robbie-b
Join Date: 2004
Post Count: 2,493
December 24, 2004 - 2:31 pm
Both of these but mostly because of a flooded investor market.
Robert Bou-Hamdan
Mortgage Adviser
0414 347 771
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http://www.mortgagepackaging.com.au
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