WHERE can I look for positively greared properties

Viewing 8 posts - 1 through 8 (of 8 total)

Lets make money
Member
@lets-make-money
Join Date: 2004
Post Count: 3
May 10, 2004 - 10:12 pm
HELP[withstupid]
I’ve been looking around NSW NW Slopes (I’m in Newcastle) for properties to buy which are going to be positively geared, but I can’t seem to locate any which fit within the 11 second rule (I realise this is a guide only, but a pretty handy one if you’re looking to realise passive income)
I’d like to buy within reach of my home (just as a comfort thing since this is my first foray into IP).
Cheers,
Craig
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
May 10, 2004 - 10:30 pm
Hi Craig,
Do you want to limit yourself to NSW – because there are good investment deals elsewhere…
Kind Regards,
George.
“If You never never ask, you’ll never never know”
ANUBIS
Participant
@anubis
Join Date: 2003
Post Count: 559
May 10, 2004 - 10:36 pm
Sorry Craig but you are a bit late to the party. You’ll need to look harder and further to meet the 11 sec rule.
Don’t get suckered into thinking this is the only rule in investing in property – it’s not even a rule, it’s a guide for returns exceeding costs.
Still doesn’t mean a place is a good deal.
geo
Member
@geo
Join Date: 2003
Post Count: 1,194
May 10, 2004 - 10:40 pm
Hi Craig,
I agree with Anubis – its not a rule. Although I still find properties that meet 11 sec. equation, you shouldn’t let it be the benchmark on which you purchase properties. Also, don’t limit yourself to NSW – look at QLD and SA.
Kind Regards,
George.
“If You never never ask, you’ll never never know”
Ibuycashflow
Participant
@ibuycashflow
Join Date: 2004
Post Count: 274
May 11, 2004 - 5:31 am
Hi Craig,
There are deals all over the place you just have to think outside the square.
There are various ways of improving the cashflow of a property which won’t be obviously present. For example, splitting a property to make two residences; adding a minor dwelling; converting a garage into a sleepout or granny flat; subdividing off a piece of the land and selling it to reduce the capital cost; converting a residential dwelling into a commercial or office premises; and sometimes even just giving the place a coat of paint will enable you to attract a tenant at a higher rent.
While I agree with George that you shouldn’t limit yourself to NSW it is always best to look in your own backyard first.
Keep looking until you get a feel for it. Something will eventually come your way, but when you see it don’t forget to make an offer.
Happy investing
Jeff
afloat
Participant
@afloat
Join Date: 2004
Post Count: 48
May 12, 2004 - 8:47 pm
Hi Craig,
You asked “where” to look.
Well I’ll give you an answer – Manchester UK
Regards
Afloat – head above water
Administrator
Keymaster
@piadmin
Join Date: 2013
Post Count: 3,225
May 13, 2004 - 8:48 am
Originally posted by afloat:
You asked “where” to look.
Well I’ll give you an answer – Manchester UK
Regards
Afloat
Hi Afloat
Can you provide us with a couple of websites from Manchester, UK here?
A couple of real estate agents plus demographic sites would be excellent.
Cheers
Greg F
Qld
afloat
Participant
@afloat
Join Date: 2004
Post Count: 48
May 13, 2004 - 9:28 am
Try these for size Greg,
I’m targeting my buying within areas of government regeneration. These areas are regenerated over about a 14 year period. Salford Quays is a good area to look at what can be achieved and a current area is Burnley/Nelson.
http://www.burnley.gov.uk
http://www.salford.gov.uk
Also try http://www.clickanduse.hmso.gov.uk
For neighbourhood stats and residential property prices try the land registry, a good local search engine is askjeeves.com
Anymore info – just yell
regards
Afloat – head above water