I’ve just finished reading Steve’s second book – nothing short of inspiring! I’m now keen to get started (preferably in WA as I live in Perth) as soon as I can but I have some questions to the more experienced folks who subscribe to Steve’s method of investment. The book (and numerous posts on this forum) say that its not where you buy for +ve cashflow, its how you construct the deal. The mappers stories (and again numerous posts on this forum) however, seem to frequently mention trips out to regional areas looking for suitable properties. So my questions are:
1. Are investors finding that it is actually a combination of how the deal is constructed AND location?
2. Is anybody consistantly constructly +ve cashflow deals in capital cities without going down the lease option/wrap track?
3. I’ve only read Steve’s second book, is it worth getting a copy of the first?
Thanks….Sean
You can buy positive cashflow properties in capital cities, without LO/Wrap options, if you pay CASH, or that you put such a large deposit amount as your down payment, that any income generated thereafter is positive.
Short of this, not likely!!! [blush2]
Jo that may be true for residential, but I am sure Commercial is still available as +CF
Byronent
Adelaide SAThis year (2004), I’ve seen at least two clients purchase cashflow positive property in Sydney without them being LOs or wraps. So they are still out there.
Terryw
Discover Home Loans
Mortgage Broker
North Sydney
Click below to email meTerryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
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