Ive owned & sold close to 12 investment properties chasing capital gains. Ive been more lucky than not.
The +CP approach sounds good in theory but what is the profile of the typical property other than country located. From my experience income from property returns are not steady eg repairs, average tenant only there for 18 months, also cumulative land tax impact in resudential if you have several properties , not sure what 130 does to the land tax bill given that my understanding is that its calculated on the cumulative total ?? Also current yields even in country is under 10% given inflated house prices…my original question what is the typical profile of a +CP property in todays Melb , Syd or Bris market..do they differ ?? Your experience..Hi,
Thanks for your post.
The typical profile of a +ve cashflow house is one that presents with problems, as it is by solving these problems that enables you to ‘make’ a profit by adding more in perceived value than actual cost.
As for land tax – it is a cost of business as such and needs to be factored in. It can be minimised in many ways, including holding property across various states.
Regards,
Steve McKnight
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Remember that success comes from doing things differently.
**********Steve McKnight | PropertyInvesting.com Pty Ltd | CEO
https://www.propertyinvesting.comSuccess comes from doing things differently
Hi Steve some very interesting comments you have made here,
1. You look 4 houses with problems??
2. In adding more in perceived value in a country town are the locals willing to pay the extra in rent of this perceived value, because in my experience country folk are tight with their money.
3. Land tax is not so bad to pay if the investment yield of the property is 10% plus.
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