Hi! I’m new to the forum.
I’ve just finished Steve’s 0-130 properties. I found it an interesting read although I find it to be contradictory to that of the messages I’m reading through the forum boards. I currently own one investment property and am looking to broaden my portfolio withiout the burden of extra expense through negative grearing. I am really interested in CF+ theory in order to maximum my property ownership with minimal outlay and positive cash return. However, through my research over the past six months, it is almost near impossible to achieve a positive cash flow anywhere within Australia without putting down a substantial deposit. Like another member stated, you have to practically buy in a ghost town to achieve your aim but where does that leave you when it comes to securing a continual source of income? Steve also suggests that having an investment property close by in which to “keep an eye on” is beneficial. How is that achieveable buying in another country or at the back of Burke? I’m not sure I’m truly convinced that Steve’s theories can be achieved in the present economy. [confused2]You can positive gear – even in Sydney!
You just have to do it differently, through wraps and Lease Options. Check out the Getting Creative forum – https://www.propertyinvesting.com/forum/forum/28.html
The important thing to remember is why you’re investing. Are you investing for the cash flow? (which case Wraps, L/Os) or for the asset? (houses out past the black stump).
Rgds.
Lucifer_auHi somethingfishi
you are basically right you can’t do the deals that steve’s first book talks about. Basically the market had changed even before the book was published. Sadly i had to move to NZ to find deals as they were no longer around in safe markets in OZ.
I can’t remember steve saying that you should buy locally ? perhaps thats the best option but i know steve buys overseas if the figure stack up.regards westan
I live in New Zealand and for a fee find cash positive deals there, email me at [email protected] to join our database
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