Hi guys this is only my first post.
I was wondering if anyone knows anything about a group called positiverealestate as i am thinking of going to one of there seminars.
Any info would be greatly appriceated.Reguards Moneymad[blink]
they claim to have positive cash flow real estate but when i looked at the numbers I just couldn’t see it… bearing in mind I know exactly where some of the stock is. I think CF+ is so trendy now that everyone is trying to get on the band wagon
http://www.megainvestments.com.auExtensive list of ‘Off The Plan’ property available for sale in Perth.
John – 0419 198 856
Hi Moneymad,
Welcome to the forum.
Be aware that some people/companies classify a property as cash flow positive once you factor in end of tax year tax refunds.
Personally I think that if you have to put your hand in your pocket each week to add personal dollars to your rental income to meet the mortgage payment then the property is NOT cash flow positive.
Cheers, Nobleone/
[biggrin]
“Making mistakes is just another another tool for learning.”
Hi,
My understanding of the terminology is:
Cash flow positive: The rental income exceeds all the expenses, you get $$$$ in your pocket each week
Positive geared: The total income (including deductions etc) at end of year exceed expenses
Negative geared: The total income is less than the expenses
Some people accidently or deliberately confuse the top 2 terms I think.
Thanks for your quick response everyone.
I just get excited when people supossedly say they have great stock of positive cashflow realestate and it ends up being nothing but.Great forum and i will be here hanging around a bit.
thanks again
Moneymad[biggrin]
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