Have a look in Kalgoorlie plently of properties yielding 12%++.
Originally posted by wayne.short23640:Rugbyfan,
How do identify a couple of areas to focus on that will have good yeilds and potential. What do you look for / research ?Wayne
I use a number of things, least of not which is my gut.
1. Residex put out a good report every 6 months 2. Word of mouth
3. A lot of pavement pounding and enquiries to agents.
4. Knowledge of area (I went to school in the country and had lots of friends from various regional areas)
5. Reading up on local council press releases (ALGA will help here) ie. tourism boosts, new business etc
6. Gut feelI am sorry I cannot give you a definite answer for you but it is really a mix of many things.
‘Eat rich food, barbeque a yuppie’ [greedy]
Hi Richmond,
thats correct, through offset gearing and domino effect…
but…
there are some other things too, that i dont mention, but they do increase your repayment power, borrowing power and many other things…
though an example is,
the big guy gurus out there, like dolf de roos and margaret lomas, they will write very detailed books, but they dont tell all their secrets, maybe only 85% they will tell, but the other 15% is what is kept secret and is their key to further success…
Cheers,
sisI was listening to Radio (2GB) yesterday evening where phillip having a chat with Margaret Lomas.
The question was asked whether this is not a good time to buy. Her answer was anytime is a good time to buy if you hold the property for long time (7-10 years). She also mention that property investing is meant to be long term. And I am sure most of us know that, right?
Currently she has 10 properties in her portfolio and launching her new book ‘Pocket guide to +ve cash flow property’.
Kind regards
Chan Dollars
[Retire Young, Retire Rich] [strum]Rugbyfan,
Residex provide a few reports. Which report do you find good and is there a cost for these reports ?
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