G’day All,
I like many others am seeking to find good CF+ properties. I realise that this can only be done in rural areas (please correct me if I am wrong). Some of the names I have heard are Mildura (Nth Vic), Cairns, Townsville (Nth Qld), Kalgoorlie, Bunbury, Port Hedland (WA). These are just some of the places I have picked up from my research, please feel free to add/chop as you feel necessary. I know this is going to be a bit difficult but out of these is anyone better than the other? Thanks and look forward to your thoughts.It is still possible to find cashflow +ve property in major cities. In the past few years at least 2 of my clients have found them in Sydney.
I would be very wary of buying in ‘bad’ areas just because they are cashflow positive.
Terryw
Discover Home Loans
Parramatta
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Its been said by more experienced members on previous threads and Id have to agree that cf+ properties are a little harder to find that just looking on the net but have to be put together ie finding a problem and solution etc
Someone sent me some info on a positive cash flow deal even before depreciations. If you want more info, PM me and I’ll send you his contact details so you can do your own research and due diligence. Note I’m not getting any kick backs from this. I’m not really into positive cash flow deals unless its commercial or industrial but thought someone chasing +’ve CF could be interested in these type of deals. Capital growth all the way! Oops, am in the wrong forum to be suggesting that. Silly me…
It is certainly possible to find deals that are almost cash flow positive around Melbourne, which can then be made cashflow positive with a bit of work. I’m looking at putting an offer down on one at the moment that fits this description.
Kind Regards,
Cameron Perry
Finance Consultant
F.R. Perry & Associates
Level 13, 30 Collins St
Melbourne VIC 3000
Ph (03) 9662 1999
Fax (03) 9662 2044Santa came early for us. On Xmas eve we signed a contract on a house in Ipswich, Qld for $135000. Needs a little TLC but doesn’t bother us. Would rent as is for $180pw.
They are selling land 600sqm for $130000 around the corner and our block is 809sqm. Great dealAJBS
Congratulations on the chrissy bargain.
What work needs doing for the $135k price tag??
What suburb?
I love Ippy
DD[inlove]
Buyers Agent (Dip Financial Services(FP)
Don’t sweat the small stuff,and it’s all small stuff!!
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