Positively geared investment companies

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guccigal
Member
@guccigal
Join Date: 2003
Post Count: 23
December 17, 2003 - 10:44 am
Hi Guys
Just wondering if anyone knows of any investment companys that deal in positive cashflow properties? It seems that most property investment companies I have come across only deal with off the plan purchases and negatively geared investments.
Guccigal
Mortgage Hunter
Participant
@mortgage-hunter
Join Date: 2003
Post Count: 3,781
December 17, 2003 - 12:16 pm
I know of a few and can pass you on if you are interested – email me.
Problem is that most of them claim cashflow positive properties which don’t meet the 11 sec rule or even come close. They are pos after the non cash deductions are done if you are on the top tax bracket.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985
Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Melanie
Member
@melanie
Join Date: 2003
Post Count: 382
December 17, 2003 - 12:24 pm
“Positive Cash Flow” is an advertising catch-cry which often doesn’t stack up or has a lousy Cash on Cash return – saw an example in Steve’s course where a high profile ocean front apartment was about $100 per month positive cash flow providing you were able to foot the full $500K + purchase price cash AND get $1,500 per week rent ….. um, I don’t think so Watson!!
As always, examine any investment club numbers given to you very carefully and do your own independent research.
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Mel
[email protected]
guccigal
Member
@guccigal
Join Date: 2003
Post Count: 23
December 17, 2003 - 12:39 pm
Thanks for the replies, the reason I asked was that I was feeling a niche market business opportunity coming on….
I adore research and am entertaining the idea of starting a business selling ‘bird-dogs’… was wondering what the competition was, if any.
‘There is only one success – to be able to spend your life in your own way.’
Terryw
Participant
@terryw
Join Date: 2001
Post Count: 16,213
December 17, 2003 - 2:32 pm
Yes this would be a good idea, but you may need a Real Estate licence.
I know one real estate agent that runs a lease option program for people. He kind of acts like a buyers agent, finds property, tenant, and does the management etc.
There ws also a real estate agent near Yass (canberra area), he used to advertise sometimes in API magazine. He was advertising positve cashflow, or high yielding properties.
Terryw
Discover Home Loans
North Sydney
[email protected]
Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
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Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au