All Topics / General Property / Found that elusive positive cash flow property… finally

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  • Profile photo of hgwellshgwells
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    @hgwells
    Join Date: 2003
    Post Count: 127

    Well, to all you out there who say it can't be done, with some reading, research and finally a trip to the area to see if it all was as good as my results said… I found not one but several paying at least 9.5% return.  To all the naysayers that say you can't find them anymore, they are out there, lots of research starting on the net and then if you are not comfortable buying sight unseen, a trip to the area to check the deals out is worth it.  No.. i'm not going to tell you where they are, but if you subscribe to API and Your Investment Property, and read the wealth of information here, then you can find them.  I only bought one… wish I could have bought them all but in the end I had about 6 properties to choose from.  Happy Hunting!

    Profile photo of propertypowerpropertypower
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    @propertypower
    Join Date: 2006
    Post Count: 312

    hi hgwells,
    Its great to hear you found a positive cash flow property. As you said, they are still out there….it requires more research and sometimes bit of creativity to create the positive cash flow.
    Once again, congratulations and good luck for the future.
    Happy investing!!

    Profile photo of Mikey PMikey P
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    @mikey-p
    Join Date: 2006
    Post Count: 86

    Hgwells
    Well done fantastic!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! Get some good capital growth over the next few years and you won't be able to wipe the grin off your face
    Mikey P

    Profile photo of bardonbardon
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    @bardon
    Join Date: 2004
    Post Count: 557

    Why dont you tell the forum where ?

    If you did you might find that the others for sale in the area would sell real quick and even drive the prices up.

    Profile photo of hgwellshgwells
    Member
    @hgwells
    Join Date: 2003
    Post Count: 127

    Tell the forum!!!!  And then you can't work out how to find your own deals.  I'm happy i'll be getting excellent growth… predicted at over 20% in the next year.  And…i'd like to see if I can get another one before everyone else does lol.  But its not rocket science, just follow all the tips here and you can find them yourself, and get out and go look at them, do your OWN numbers to see if the deals suit what you are looking for.  I've been reading here and researching deals for years, and after a couple of years break because of a workplace injury, i'm back into it again, and hoping to do more next year.

    Profile photo of chilliaachilliaa
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    @chilliaa
    Join Date: 2007
    Post Count: 16

    well MR HG wells you are a nice piece of work.  sorry buddy but you are one major &%^#.  You mention that you found your property based on insights given in this forum whereby otherpeople have shared their knownledge and insights and then you highlight the fact that you are not going to share information in return.

    Well what goes around comes around.

    Profile photo of hgwellshgwells
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    @hgwells
    Join Date: 2003
    Post Count: 127

    errr…Its Ms thanks, and yes i'm a nice person how kind of you to point that out.  I took the advice of researching, reading, attending seminars and doing my homework, NOT asking where are the +CF deals and waiting for them to drop in my lap thanks.  No one on here told me where to find the deals, and nothing here says I have to give you all my hard work on a plate! And… i've given away to my friends and family about 10 deals that I couldn't do myself because of my situation, so yes… what comes around goes around, I did my research and took the kind advice on how to do it from here gladly and contributed back as well to this forum,  I was offering encoragement, that if you do your homework you too can still find the deals, not asking for a free handout for where to find the deals, everyone's situation is different. You my friend.. need an attitude adjustment fast, and yes karma is a great thing  didn't expect to be attacked here like that, leaves quote a sour taste to posting here after being here for several years.

    Profile photo of MysteryMystery
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    @mystery
    Join Date: 2006
    Post Count: 87
    hgwells wrote:
    errr…Its Ms thanks, and yes i'm a nice person how kind of you to point that out. I took the advice of researching, reading, attending seminars and doing my homework, NOT asking where are the +CF deals and waiting for them to drop in my lap thanks. No one on here told me where to find the deals, and nothing here says I have to give you all my hard work on a plate! And… i've given away to my friends and family about 10 deals that I couldn't do myself because of my situation, so yes… what comes around goes around, I did my research and took the kind advice on how to do it from here gladly and contributed back as well to this forum, I was offering encoragement, that if you do your homework you too can still find the deals, not asking for a free handout for where to find the deals, everyone's situation is different. You my friend.. need an attitude adjustment fast, and yes karma is a great thing didn't expect to be attacked here like that, leaves quote a sour taste to posting here after being here for several years.

    Well done Ms HG, …… as they say, … the harder you work the luckier you become. You've put in the hours of research and you deserve the success.

    Congratulations !!

    Martin

    Profile photo of kokjhoonwongkokjhoonwong
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    @kokjhoonwong
    Join Date: 2005
    Post Count: 23

    I agree with you HGwells. Many people think that the world revolve around them. Hardwork, research etc  are the only way forward. I too have found +ve cash flow properties recently at >10%. Capital growth >15-24%. I brought one and wait to build up some cash to buy more. Wish those pay checks come earlier. Refinanced recently. I have 3 so far and I am excited that no many people know about this boom town yet. I look at 100+ properties a week and created a calculation sheet using excel. There are so many tools out there to use as well to support my findings.

    Cheers.
    Profile photo of Michael4Michael4
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    @michael4
    Join Date: 2003
    Post Count: 70

    hi to all,

    It's good to know that +CF ar still out there! I bought one 3 years ago in SA! And yes unlike hgwells i wil say from what town i bougth by IP's. It is the fastest growing regional town of Port Augusta! You can still find 8%+ as there are still opportunities!
    Rents are increasing all the time as a result of high demand for rental vs low supply!
    Even though you find an area, if you share it others can benefit and learn! As a result you will get even more in return!

    Cheers,

    Michael

    Profile photo of RobLRobL
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    @robl
    Join Date: 2007
    Post Count: 60

    WELL DONE Ms HG … unlike one post here – I too have a highlighter and a ruler :-) .. and yes, the tables you will have looked at do give you a good idea – but you also have to do the groundwork, as you've done … good stuff :-) Am also closing one this week *grin* .. they are out there :-)

    Profile photo of L.A AussieL.A Aussie
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    @l.a-aussie
    Join Date: 2006
    Post Count: 1,488

    Well done HG.

    buy a couple more, then tell us – back scratching and all that.

    Just out of interest; what is the population in the town?

    Profile photo of hgwellshgwells
    Member
    @hgwells
    Join Date: 2003
    Post Count: 127

    Marc,  The town is about pop 5000, and growing, with an obvious shortfall in decent housing and huge growth in employment.

    Cheers and beers

    Profile photo of RobLRobL
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    @robl
    Join Date: 2007
    Post Count: 60

    34,640 :-) … don't want em under 15 … or with single industries :-) .. or with 2001 census data actually LOL .. closed out today … 325K .. rentin at 660pw :-) … take THAT RBA .. hehehe

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