Hi all:
Since reading a couple of Steves books, I have discovered the world of + cashflow property.
Finding plenty of potentials, but having probs figuring out how to research the market in the area.
Some towns are pretty easy to come up with + cashflow, but when I check the rental’s available in the area there seems to be a never ending list of vacant properties.
Has anyone had success with certain strategies of sorting the good from the bad ?Cheers
BradUsually in those situtions, the +CF areas/towns, you’ll find that the town is a dying town.
It looks like this: Houses $50-70k and rents $100-$150 per week. In these places, population decline causes this phenomenon. The houses aren’t selling, thats why they’re so cheap and the vacant properties, well there’s nobody there to rent them.
Remember, if you want a house that delivers $20 per week +CF, with no chance of future capital gains, your investing simply becomes a ‘horses for courses’ type of deal. Keep your money and keep looking, there are still plenty of gems out there if you know what to look for!
Good Luck…G7
Thanks
Must admit still a bit bamboozald by it all.
So many what ifs?
First plan was to build new 4 bedder on one of the blocks we have. That was part 1 of plan A.
Part 2 of plan A was to sell another block.
Loosing some equity value, but cashing up and then taking that cash and perchasing a good size block in a good zone and breaking it into 2 or 3?However, market conditions have me a little to nervous to take this on, so, its over to something a little safer?
+CF stuff.
Im thinking of using something like this to assist in the decision process. Any suggestions welcomed.
http://www.propertyvalue.com.au/files/house_sample_pv.pdf
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