I was wondering if anyone could give me an idea of were the areas most likely to have positively geared properties are in Perth
Thanks
ShawnIn Perth itself, doubtful unless you can add value to a property you purchase that will increase the rent.
Start looking country and you’ll have more louck but do check the towns you look in, that they are stable ie: due diligence.
Good Luck.
PK[blink]
look at mining towns I live in karratha and a 3×1 rents for 350-450+ for a duplex half!!!! mining towns with lager populations should be good earners. big wages= big rents.
hope this works as it is my first post.Read Steve’s latest book. It explains exactly where the +ve properties are
______________________
I know I can, I know I can
Originally posted by Gramyre:Read Steve’s latest book. It explains exactly where the +ve properties are
______________________
I know I can, I know I can
It does? Can you tell me what pgs? I know it says where mappers bought but this if you look in same areas it not so easy to find more i think.[confused2]
Pepper
Originally posted by lukis p:[blink]
look at mining towns I live in karratha and a 3×1 rents for 350-450+ for a duplex half!!!! mining towns with lager populations should be good earners. big wages= big rents.
hope this works as it is my first post.Big ‘entry’ cost’s also Lukis..
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorOriginally posted by Pepper:Originally posted by Gramyre:Read Steve’s latest book. It explains exactly where the +ve properties are
______________________
I know I can, I know I can
It does? Can you tell me what pgs? I know it says where mappers bought but this if you look in same areas it not so easy to find more i think.[confused2]
Pepper
Heh now I know what Steve feels like (or maybe not).
Maybe it was just me, but isn’t the whole book about …. let me put it this way, one MAP couple at the Masterclass today said they only look in two council areas closest to them and still have way too many properties to evaluate properly in a week (of course they dont buy every one they look at). This clearly demonstrated to me the underlaying principal of the whole book is that in today’s market, finding the problem property and solving the problem is where the profit/cashflow is, not looking for it on a plate in a particular town.
______________________
I know I can, I know I can
Oh I see what your, the “where” is about finding a problem not actually about which areas to look in that is location right? Okie dokie thanx gRamyre. [cigar]
Pepper
Yeah it’s not so much a “where” as a “how”
______________________
I know I can, I know I can
Dolf DeRoos is great at that..finding an IP then working out how best to use it..think outside the Square.
REDWING
“Money is a currency, like electricity and it requires momentum to make it Effective”
Count The Currency With This Online Positive Cashflow CalculatorMy apologies if this sounds like an ad – it is and has been deleted.
Hi Shawn,
The critical message is that postively geared, as per the purest definition, are as rare as hens teeth in Perth.
Sure, it may be possible to ‘manufacture’ then but in the main we are at the wrong stage of rental & growth cycles for them to fall out of trees.
Derek
[email protected]Property Investment Support Available. Ongoing and never stopping. PM welcome.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
