How do you start looking for properties? I understand that you need to look at your budget. Im looking for good return as I need cashflow. Location-anywhere will do as long as it fits the above criteria.
Where do you start? Do you look at where to invest first? Is there any reports that has all data for the state rather than just the suburb?
Thanks
RichRich
I think you to need to first start by deciding whether you are looking for cash flow if so then wrapping maybe the way to go or if you are after a return plus the chance of some capital growth and wanting to buy an IP.
Once you have decided upon what you want out of your investment you can start to look around.
Must admit i am slightly biased as i specialise in wrapping and well for location you can never go past the sunshine coast.
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.Richard Taylor | Australia's leading private lender
Comes of not previewing your reply.
Make that the Sunshine State as all of Qld is beautiful one day better the next
Cheers Richard
richard at castlewhite.com.au
Email me for details of our Qld wrap service.Richard Taylor | Australia's leading private lender
Hi Rich,
About the best place to look in Australia is realestate.com.au.
There you will find many +ve CF properties. However most of them are in WA or SA in small towns or mining towns. In this situation you have to be careful as if the mine shuts down your property is not worth <edited> so to speak and could be very hard to rent out.
I saw a three bedroom in Kambalda fully furnished, leased from the mining company for five years paying $240 per week. The owner wanted high 90’s so I offered 95k although someone came in with $101k so I missed out.
The deals are out there you just have to find them then research the area.
easymoney
Hi Rich,
are you looking for a property that is cashflow positive, before deposits and stamp duties, or are you looking for a property that is cashflow positive after the deposits and stamp duties.
though if you are looking for instant cashflow, i would have to side with QLDs007, either Wraps or Lease Options, Rent to Buy Options, can give you instant cashflow.
Cheers,
sisJeff Paget
Trainee Stock Broker & Equities Advisor
Mobile: 0402 363 805Hi
I have found a few positive geared houses on the net, but know very little about the towns that they are in. Does anyone have any good websites or infomation pages where I can find out about the towns population and infrastructure etc?
Thanks………Liza
Originally posted by LizaJane:Hi
I have found a few positive geared houses on the net, but know very little about the towns that they are in. Does anyone have any good websites or infomation pages where I can find out about the towns population and infrastructure etc?
Thanks………Liza
Fortune favours the brave. Go for it. [cap]
Thanks for all your answers..
I think that I should get my budget right first. Then, look for properties that are +ve cashflow. If I spotted one, how do I go about researching the town or area. Is there any reports that I could use to research about an area? Is it focussed on a particular town/suburb? Is there any access to statewide reports than just a town?
Thanks
RichDepends on what type of reports you are chasing. On sites such as the above mentioned realestate.com.au you can do searches on previous sales etc. but normally at a cost. Or if you are buying through an agent, get them to do some work, tell them what sort of information that you want, and have them provide it to you. Obviously on paper and verified is better.
Hope this helps.
J.
J.
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