Forums / Property Investing / General Property / find positively geared property

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  • Profile photo of DOUGADCOCKDOUGADCOCK
    Participant
    @dougadcock
    Join Date: 2012
    Post Count: 22

    Hi everyone,

    wondering if anyone knows of some good positively geared websites. That i can look at in Australia. 

    There are plenty out there but one you can vouch for would be great 

    thanks guys

    Profile photo of CatalystCatalyst
    Participant
    @catalyst
    Join Date: 2008
    Post Count: 1,404

    Please explain?

    Websites about positively geared property?

    Plenty out there?

    Profile photo of TheFinanceShopTheFinanceShop
    Participant
    @thefinanceshop
    Join Date: 2012
    Post Count: 1,271

    Have you considered the potential of purchasing a negative or neutral geared property and turning it into positively geared property?

    Also how are you calculating positive gearing?

    Regards

    Shahin

    TheFinanceShop | Elite Property Finance
    http://www.elitepropertyfinance.com
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    Residential and Commercial Brokerage

    Profile photo of Richard TaylorRichard Taylor
    Participant
    @qlds007
    Join Date: 2003
    Post Count: 12,010

    Doug if the property is advertised on a public website it is old stock or overpriced.

    You are better off in engaging a buyers agent who specialises in such properties.

    We get asked all the time by members to source a property for them.

    No such thing as a free lunch as these properties take time to negotiate.

    Cheers

    Yours in Finance

    Richard Taylor | Mortgage Broker helping investors build their wealth thru property
    http://www.mortgagecapitalaustralia.com.au
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    0-40 Properties in a decade with a unencumbered portfolio value in excess of $40M. Ask me for a copy of my API Interview.

    Profile photo of DOUGADCOCKDOUGADCOCK
    Participant
    @dougadcock
    Join Date: 2012
    Post Count: 22

    thanks for the comments guys. ill look into a buyers agent. 

    Profile photo of Jamie MooreJamie Moore
    Participant
    @jamie-m
    Join Date: 2010
    Post Count: 5,069

    Hi Doug

    Where are you looking to purchase? You might be able to get some recommendations for BAs on the forum.

    Cheers

    Jamie

    Jamie Moore | Pass Go Home Loans Pty Ltd
    http://www.passgo.com.au
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    Mortgage Broker assisting clients Australia wide Email: [email protected]

    Profile photo of RPIRPI
    Participant
    @rpi
    Join Date: 2012
    Post Count: 308

    I know 2 of the cash flow positive property companies that are being sued at present (I am not involved) for selling cash flow positive stuff which was not.  When it gets to the filing it court stage, the information becomes public and I can give neames then.

    Many of these we look after the buyer to only find the best cash flow positive propertie type companies are marketing companies that get paid a fee by the seller not by you.  A buyers agent on the other hand is working for you, and will be less than the $10-$20K that the marketing companies are being paid.

    D

    RPI | Certus Legal Group / PRO Town Planners
    http://www.certuslegal.com.au
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    Property Lawyer & Town Planner

    Profile photo of christianbchristianb
    Participant
    @christianb
    Join Date: 2009
    Post Count: 386

    Consider making your own positively geared property.

    Find a house with adequate land to build a second dwelling, ensuring the planning overlays are accomodating.

    Assume the house is purchased for $500,000 and can be let for $500/week.

    Spend $250,000 to build a second dwelling behind.

    At this point, a number of things can happen, but here are two common outcomes:

    1. Rent both of them for $500/week each – positively geared.
    2. Sell the older dwelling (for say $450,000) and keep the new dwelling and rent for $500/week – positively geared

    Profile photo of Adrian CahillAdrian Cahill
    Participant
    @adriannqld
    Join Date: 2003
    Post Count: 127

    Ive actually been on this site since 2002-3. This site!

    and then you will also find a lot of BS sites, and u may find some people here trying to sell services. 

    10yrs ago I joined this site, found heaps of great info. 

    Adrian Cahill | AdrianCahill.com Personal Development Expert
    http://adriancahill.com/from-investor-to-coach/
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    Here since 2002, however things have evolved over the years.

    Profile photo of NHGNHG
    Member
    @nhg
    Join Date: 2010
    Post Count: 198

    I started out about a year ago asking very similar questions the the one you just asked to start.

    You will find with a bit of research and time, it is very possible to find positive geared property, however not in a straight forward kind of way.

    The truth is, to make any real money in property you have to solve a problem or provide a service. The bigger the problem you can solve, the bigger the return.

    Also, keep in mind, the more property you own, the more 'positive' geared it needs to be if you follow this strategy. In NSW for instance, 7% ROI may seem good, but if it takes you past the land tax threshold, you may need more like 9% ROI for it to be positive geared, and then what if interest rates go up 1%.

    There is a lot of work involved, unlikely it would be listed plain and simply on a website.

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