This could be the most interesting topic to date!!
]Could EVERYONE who has purchased a recent cash flow positive investment (residential, commercial etc.) please post a short story on:
1) When you purchased your investment?
2) How much you paid for it?
3) What structure is the investment (eg: buy and hold, vendor wrapping etc.)?
4) What is the weekly gross rent (income)?
5) What your net Cash Flow is?Keep it short and sweet, be awesome if we could see 100 or more stories of real life Cash Flow Positive stories from real life people!
Happy story posting!!!
Julian
Come on people,
Share your stories, even stories from a friend or someone you know. I think that the best form of encouragement is seeing real results from people who have done it!
I would love to hear from our fellow forum members who have successfully invested in Positive Cash Flow properties.
Post your story!!!
Cheers
1) purchased last week
2)27,000
3) buy and hold at this stage but open to review
4)12 month lease at 100pw
This could be the most interesting topic to date!!![]Could EVERYONE who has purchased a recent cash flow positive investment (residential, commercial etc.) please post a short story on:
1) When you purchased your investment?
2) How much you paid for it?
3) What structure is the investment (eg: buy and hold, vendor wrapping etc.)?
4) What is the weekly gross rent (income)?
5) What your net Cash Flow is?Keep it short and sweet, be awesome if we could see 100 or more stories of real life Cash Flow Positive stories from real life people!
Happy story posting!!!
Julian
Where at Bear ?
If not which state ?
1) Will exchange contracts in next couple of weeks.
2) $175,000 (commercial office)
3) Buy and hold, will possibly use some area myself at a later date.
4) $377
5) Not 100% yet.Cheers
MelHi Julian,
11 properties this year as currnet but given a few days the new total will be 13. Been investing for over 9 months now.
Though not all my properties are positive. I target all 4 main areas of property investing.
Positive gearing
Negative gearing
Passive gearing
Neutral gearingUsing the offset gearing principle as my purchasing strategy.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”hi guys
SIS you have been a busy buyer, well done, i bought 10 in my first year of investing in 1997. what on earth are you talking about “off set gearing principle”. By the way, just be careful, its not the number you buy but the deal that matters, especially in this market.
my best buy recently was in Dunedin (NZ pop 100,000) the asking price was 70k (which was cheap for Dunedin) and currently let for $170pw. i bought the property for 58k. i expect to add about 20k more when i paint the outside of it. it is about 70pw cash positive with a 20% deposit. the return on cash into the deal is about 35%.
regards westanHi Westan,
thanks for your comments, All the properties i have purchased were under the market value and some have just already double in price, though i will admit, i know you are an excellent investor and many of your posts i have read, show that you have both knowledge but plenty of excellent investment purchases, which i also do admire.
Offset gearing – is mainly balancing debt and credit but creating finance with amounts of cash flow and quick created equity.
I will try to find a link and post it here about offset gearing, though i did do alot of talkin about it the other day on here on one of the threads.
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”Bought last week
$250,000
Within 12ks of the city
rent $290
cashflow positive but had to put alot of cash in. I thought it would be better than leaving it in the bankDi
Dianae01
Email Mehouse 1
1) When you purchased your investment?
may
2) How much you paid for it?
27,300
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
110
5) What your net Cash Flow is
115 per week minus $11 per week management and
$1300 per annum rates and insurance.house 2
1) When you purchased your investment?
june
2) How much you paid for it?
16,000 plus 10k renovation
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
95
5) What your net Cash Flow is
115 per week minus $9 per week management and
$1300 per annum rates and insurance.house 3
1) When you purchased your investment?
july
2) How much you paid for it?
19,000 plus 10K renovation
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
115
5) What your net Cash Flow is
115 per week minus $11 per week management and
$1300 per annum rates and insurance.totals:
82,300 investment
12740 in my account every year AFTER costs
net cashflow yield – about 15 percent.cheers-
MiniWell done Mini [
]Keep it up!
Regards Bear
Hi Mini,
they are definetly excellent IP, with excellent returns. Good luck with them
cheers
s.i.sSave on a regular basis
“People forget that by saving just $3 per day and investing it sensibly over a working life, you’ll end up with around $1 million.”thanks!!!!
!!!!!!!!
Mini,
Good work there!
How much cash did you put in each deal? Or did you gear it up 100%+? That is, no money down.
Either way your cash on cash return must look very good.
Good luck with the tenants & property manager.
Cheers,
David Paxton
“You Only Live Twice”Well done Mini..
as evidenced by your posts a lot of work/time/effort/travel obviously went into your deals.
As always good to see people doing well.
At the moment we’re adding value to our PPOR, having just got married. recently put reticulation throughout front and back yard (D.I.Y) for less than quotes for front yard, along with other work ( you can always add value to your own place by doing renovations and building equity )
looking at getting properties revalued and seeing where we stand before our next move. according to REIWA in the last 3 months our PPOR area has jumped up 15% value and 37% in last 12 months (median house price)
Keep the stories coming !!
REDWING
“The man that thinks at 5o as he did when he was 20 has wasted 30 years of his life”
When: September 2003
asking price 220,000
purchased 210,000 (fully furnished)
buy and hold
weekly rent 265 p/w
(in after tax dollars) $74 a week
(neg geared pos cashflow)
of note is that darwin, in last quarter went up 38% in capital growth in the area i bought.hi all
5 ips in to 18monts
total cost – 470 000
income – 61000
return – 12.9%
current value – 930 000Cheers
nailwogJust bought a house in a reasonably strong growth area for $315K. Will rent for $520pw in the New Year after a small cosmetic reno <$10K to spend.
Should be positive esp as the fixed rate is 5.89% for three years.
Cheers,
Simon Macks
Mortgage Broker
[email protected]
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
well done guys [
]we have some terrific stories here
keep up the postings
westan
[8D]These stories have been very helpful indeed!!!
Thanks to all that have contributed!!!
Keep the postings coming!!!
]
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