Where are the bargain properties???

hey Sue.

How are your loans structured??? Principal + interest or interest only??

We’ve found that with 20% down and in the case of commercial, 30% down and interest only loans, the repayments and all outgoings is in our property cases, always covered by the rent + profit.

Where are you at?

Let us know then we can probably help you more..

cheers

Calron the Alcamist
Turning things into gold is fun.
[email protected][]

Hi Sue

Try NZ. There appears to be many + cashflow properties in all cities and towns throughout the whole country.

I’ve just put an offer on a house in a Nth Island town which should give me about $2200per year pre tax + cashflow after expenses.

Regards

hi all

Its great to hear people still finding +ve cashflow properties.

Mini how did you come across the one you mentioned in n.z.

Did you know the area

had you researched it

I’m only starting to delve into this have got steves book and ordered fast track.

Id like to know where to start looking

I’ve looked at the papers
internet

what i have seen are utter dumps (sheds) for the soughtof prices the forum indicates.

Where does one go to research a town or place where the property is situated.

some say get a feel of the place go there if you are buying interstate or places you have never been makes it hard to just make decision.

Hows the best way to start?

agggggggggggggggggggggggggghhhhhhhhhhhhhhh…lol

best to all

alf

there are heaps, u just need to know where to look

Dear Alf and others out there

Like I said before “The deals are out there.”

I’m trying to be helpful here but really guys, c’mon

>Mini how did you come across the one you mentioned in n.z.

I looked for it!! Simple as that. And, it’s been on the internet for months for all to see.

>Did you know the area
not really, I mean I’ve been there twice in my life for one day, kinda thing

I look everywhere.

>had you researched it
not until I saw the deal

>Id like to know where to start looking
>I’ve looked at the papers
>internet

good – keep looking!!!!

>Where does one go to research a town or place where the >property is situated.
1) go there and/or 2) make lots of calls 3) ask lots of questions
4) research –
here are some tips
not to do with property, but the principles are right on

http://www.cs.indiana.edu/mit.research.how.to/mit.research.how.to.html

http://www.sofweb.vic.edu.au/internet/research.htm

>some say get a feel of the place go there if you are buying >interstate or places you have never been makes it hard to >just make decision.
It’s whatever you feel comfortable with.

>Hows the best way to start?
1) find deals (look at over 100)/do the numbers
2) research and due diligence
3) make offers

did I leave anything out? Oh yeah if you need finance, you need to organise that first, or else know you can get it after the offer

cheers-
Mini

http://www.vocalbureau.com

hi mini and calron

thanks for your answers its great to see that you found it on the internet.

I guess when one is looking and doesnt find for a long time they become despondant or feel there not looking in the right place.

As i said i havent been looking long but judging by the questions from those that are starting out it seems bascially the same.

Where do i start

How did you find it

The fact that you answered mini and calron is great because some will say keep looking there out there without any specific direction be it papers/internet/agents.

I think thats all people are looking reinforcement that yes they are looking where others have found them.

Once again mini and calron enjoy your input and answers

kind regards
alf

mini

i agree with you its really down to numbers you certainly think outside the square.

Some people may be reluctant to certain types due to the fact that on selling is difficult in some types of investing.

i was lead to beleive that the cbd and near city investing was the way to go by people who i thought had minds immeasurably superior to mine.

The fact is in adelaide you could’ve bought anywhere where no one would dare go once upon a time and made money and +ve cashflow.

I like the way you think..

regards
alf

Shezian.

I think the bank actually says that you need 30% deposit on commercial property.. Damn them..

As far as not buying property because you would have to deal with unemployed people.. Why couldn’t you stand it??

They are real people with lives, be them unemployed lives.. There is a bonus with unemployed people especially long term ones and that is that they get substantial rental assistance which helps make them regular.
Simple way to not have to deal with them is to get an Agent to deal with them for you..

The government is giving us these tax breaks to house these unemployed people and there happy that they’re not..

Cheers

Calron the Alcamist
Turning things into gold is fun.
[email protected][]

Beancounter quick sums suggests the property you are looking at is returning approx 7.2 % gross, which is above the current lending rate. In the next few years when rates eventually go up, it is possible it may go from positive geared to neutral and possibly negative geared (All hypothetically speaking, not your individaul property).

What percentage of positive cashlow do most people look for? I have read a lot of posts from people purchasing in regional areas getting fairly high returns. As a norm properties close to the city and or near beaches tend to offer low returns although from what I have experienced much greater capital appreciation. I am more happy to have a lower yield neutral/slightly positive geared in the city/bayside beach areas where in the country I would look for a much higher yield (again hypothetical as I don’t own any country properties).

My long winded question/statement is what yield (percentage) do people tend to look for at the present time to be positive geared in the city and in the country?