NSW Investment? Interstate?

Hi,

I live in Sydney and I am just starting the IP road.
I live in Sydney as well so you are not different to other coz a lot of forumite here live in Sydney.

It seems that QLD is the talk about finding positive geared properties but because I live in Sydney it makes it hard to get time off work to see properties. I know that I could hire an agent to help.
Well, as far as I know the best way to do this is do your own due diligence on a particular areas that you want to invest. Then take 3 days of work and flight there to inspect and purchase property. I did that before and I don’t have a problem with it at all.

Or are there still positive geared IP’s in NSW?
I alway believe +ve cash flow property is every where that’s include NSW if you look hard enough.

I would prefer to buy local or in my state, so that I can at least see the property before I buy.
Yes you can buy local, but the local area might have a lot of -ve gear. But you never know 1 in a life time opportunity of +ve cash flow property might be there for you if you keep an eyes on the market.

Do many people here buy interstate? Any advice?
I did and as above.ie.
1.due diligence
2.finance ready
3.get all the listings as much as possible
4.book a plane ticket to go there
5.call agents to book for inspection date, time
6.negotiate
7.buy
8.in the contract, include fax, photocopy.. is valid
…

– Mark