New Member - Help ! - PropertyInvesting.com

Viewing 6 posts - 1 through 6 (of 6 total)

Gaza007
Member
@gaza007
Join Date: 2007
Post Count: 3
April 9, 2007 - 11:49 am
Hi Folks,
I am a new member and I have been reading many of the interesting forum topics.
4 years ago I started investing in properties with negative gearing, which led to a disastrous result with both high interest rates and bad tenants.
I am keen to try positive gearing, but very cautiously.
Are there any agents that can find positive geared properties and suitable tenants ?
Regards,
Gaza
propertypower
Member
@propertypower
Join Date: 2006
Post Count: 312
April 9, 2007 - 3:06 pm
Welcome to the forum, Gaza
You can try companies like Positive Real Estate (http://www.positiverealestate.com.au) or Cashflow Capital (http://www.cashflowcapital.com.au). They locate positive cashflow properties throughout Australia. If you search the web, you will probably find few more companies providing similar services.
I have used http://www.positiverealestate.com.au for some of my transactions and am extremely happy with the deals.
Hope this helps.
Gaza007
Member
@gaza007
Join Date: 2007
Post Count: 3
April 10, 2007 - 7:12 am
Thanks Sanjiv,
I will certainly check them out.
Regards,
Gaza
L.A Aussie
Member
@l.a-aussie
Join Date: 2006
Post Count: 1,488
April 10, 2007 - 9:12 pm
You can find any of the properties advertised on http://www.positiverealestate.com.au on your own and save $5,995 + GST in finder's fees. What a joke; half of them are neg geared!
My 5 year old son could find one of those.
If you earn more than this per week then let them find it, if not; spend one 40 hour week on the phone and computer and find your own and save the cash. In fact; spend 20 hours in research and you'll find one.
I'll do it for you for free – I've got nothing to do today. You can shout me a V.B – the shipping to L.A might be expensive though.
They only sell Fosters over here (life's tough).
As for finding tenants; let the managing agent do all that. You cannot tell them by appearances; I've had bad looking tenants who are great, and good looking tenants (on paper) who I would love to hurt badly.
The first tenant we put in our PPoR when we came over here was a lovely family with 2 kids, good jobs. I met them at our house with the agent twice and showed them the ropes. Seemed ideal. After 2 months they moved out because the husband was beating his wife and she left him.
Gaza007
Member
@gaza007
Join Date: 2007
Post Count: 3
April 11, 2007 - 9:29 am
Cheers Marc….
I bet you miss the good old Aussie beer.
I'm just starting out on my adventure into the world of CF+ properties and this is just what I need to get me going strong.
I will use your advice.
Regards,
Gaza
Tamar
Participant
@tamar
Join Date: 2004
Post Count: 11
April 26, 2008 - 7:45 am
Hi Gaza,
If you want to get positive cashflow from real estate you could do a joint venture with myself and my partner Jack.
We do wrap deals. We find buyers who have enough income to pay for a mortgage but have a problem getting a bank loan because for example they forgot to pay a phone bill and got a black mark on their credit report etc. Our website for buyers is at http://youfindit-wefundit.com . The front page there explains the kind of problems these people have.
We do Joint Ventures with people who can get bank loans and they vendor finance these people into their houses
and get a great return on it. Our buyers site is http://innovativerealestateinvestments.com
Or feel free to ring me on 02 9560 8136.
We've done about 25 or so of these kind of deals. It's great- people really appreciate the help into the market and our JV Partners enjoy the passive positve cashflow of course:)!
Cheers,
Tamar