Hi all,
If you had $100,000 sitting in an offset account, begging to be invested in some way, would you:
a) buy a decent inner city unit?
b) 1 or 2 regional houses?
c) 2 (or more) US properties?
d) none of the above?CF+ would be good but isn’t an absolute requirement. (Within reason).
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MarkA decrepit semi or single-fronted house in the se or inner west of sydney.
Buy a house with a bit of leverage thrown in.
Hi Mark
Are you looking at off-the-plan in Canberra CBD? There’s a couple of developments that look tempting (one in Braddon and one near Glebe Park). Once complete the decent yields and high depreciation should see these units achieving neutral cashflow (or slightly negative).
I’d be tempted to grab something locally (ie. Canberra) – it’s a buyers market at the moment (so much stock has been released). So perhaps something established could be a goer.
Not sure about the US – I am yet to invest abroad.
Best of luck
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
Hi Mark
I might be tempted to buy a property and on-sell it with vendor finance, so it generates, say, $500 per month positive cash flow and then, buy another property with resonable capital gain prospects but negatively geared to the tune of $500 per month
Obviously that's a idealised example but buying buying one and turning it into a cash cow to support our buy a hold is what we've been doing for a few years now.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
Hi Jamie,
Jamie M wrote:Hi MarkAre you looking at off-the-plan in Canberra CBD? There’s a couple of developments that look tempting (one in Braddon and one near Glebe Park). Once complete the decent yields and high depreciation should see these units achieving neutral cashflow (or slightly negative).
I’d be tempted to grab something locally (ie. Canberra) – it’s a buyers market at the moment (so much stock has been released). So perhaps something established could be a goer.
Not sure about the US – I am yet to invest abroad.
Best of luck
Jamie
Looking at all options at the moment. Starting to think about number 2. The US looks good, but not sure we have the experience to invest offshore quite yet. Then again it might be a case of jumping in the deep end rather than missing the boat.
The ‘safer’ option is either locally (Canberra) in which case I’d like to get as close to the CBD as possible, or around my old stomping ground (Newcastle). I’ve also been reading about regional areas like Wagga, Nowra, Tamworth as well. Nelligen road’s completed so I think Nowra might be the pick there, although I don’t think I’d get the same growth as inner city Canberra.
Hoping to get some insight from Steve on the 22nd. Watching his last update he seems to be aligning with Michael Yardney in terms of inner city for capital growth, and heading to the US for the CF+ side of his investments.IP1 as you know was our old PPoR so there wasn’t a lot of thought go into that one. It’s CF+ so definitely can’t complain. This one though, I wan’t to get right.
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MarkHi Mark
I was looking into Nowra mid last year – there were some good posts from Devo (I think that was the username) on the area.
I’m not 100% sure if Nerriga road is complete yet. You’d have to suss that one out.
Best of luck with whichever option you choose.
Cheers
Jamie
Jamie Moore | Pass Go Home Loans Pty Ltd
http://www.passgo.com.au
Email Me | Phone MeMortgage Broker assisting clients Australia wide Email: [email protected]
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