In todays market is it really still possible to achieve a 10% return on residential ?
I have been looking and always find a max of 6%
Should I sit back and wait on the sidelines until the market settles or are they still out there ?
Thanks
Henry
yes 10%+ are still there you have to look hard. 6%+ is very very easy to find.
Good luck!Cheers
PropertyGuRu [sultan]
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Henry
Definitely out there – just need to do some good old research and negotiation. Unfortunately they don’t all fall into our laps, sometimes you have to make them happen ie renovations, building relationships with locals, agents, council etc.
Remember, not all +CF properties are advertised either, so if your contacts are good or in the right place at the right time, you’ve got a better chance of finding them.
Good luck!
JennyIt’s sometimes also about aggressive (but always courteous) negotiation. If you can’t get the property for a price that would give you the yield you need, then be prepared to walk away.
Cheers
Elysium-MDIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…
Hi henry
i’ve been saying for ages that its very difficult to find good properties that are showing 10% returns, however if your adventurous look Overseas, 10% returns are still found in New Zealand and the last property i bought overseas shows a 25% return (not NZ). Do some investigation you will be rewarded.
regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
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