McHenryMember@mchenryJoin Date: 2005Post Count: 45
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 ?
HenryPropertyGuruParticipant@propertyguruJoin Date: 2003Post Count: 1,502jenwrenMember@jenwrenJoin Date: 2005Post Count: 92
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.
JennyElysium-MMember@elysium-mJoin Date: 2003Post Count: 259
It’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.
DIY Residential Property Settlements in WA – the book coming soon! When I can get my act together…westanMember@westanJoin Date: 2002Post Count: 1,950
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.
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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