has any one been able to find any POSITIVELY GEARED property at all in the last few months ( apart from the USA.) Mainly thinking of Aussie and NZ. Have searcehd the web,local agents, papers etc etc to no avail. Do you think that it just a matter of time before the market will retrace enough to be back in again.[blink]
yep
bought a commercial property in NZ at 13% return in June this year.We buy properties in Adelaide. Immediate Cash Settlements, No Real Estate Agents, No Fees.
[email protected]
phone 0412 437 582So true…..just a matter of time.
RegardsSharon
Try Karratha.
Try Kalgoorlie.
Try buying a dump and renovating or a tiny box and extending or a commercial property or a “Don’t wanter” or a wrap or a flip or something that you can turn from negative to positive.
Use your eyes and your brains, not your butt and your mouse. CF+ never did just fall out of the skies, you had to look and look and look. And not on the net, where wveryone else is looking too.
And then you have to see what isn’t there, change things until it is there, and start to make money.
Alternatively, you can ask “Where are all the CF+ properties?” The answer is: I and everyone else who read the local papers and went out in our cars and inspected the properties and looked and thought and saw the answers BOUGHT a problem and CREATED a solution. And we own them.
End of rant.
Go out and buy a copy of Steve’s latest book. If you read it as it is written, not looking for secrets that will immediately enrich you, it should become as plain as day that anyone can buy cashflow positive property in a wide variety of ways (examples given) in today’s market.
If you get nothing out of it, that probably tells you that this brand of property investing is not for you, but at least the proceeds of the book have gone to charity.
Maybe I need to [chill], but there’s been an awful lot of this “where can I find CF+ today?” going on.
Well said Quiggles.
Surfing on the internet doesn’t cut it. If that is your primary tool….oh dear.
Our last two acquisitions this year were both basket cases.
One was advertised in the local rag, with a 2 line advert. No internet listing. Poor description, no details, hard to talk to old agent, grumpy old Vendor, leases running out and non-existent, bugger all rent, big tenant being dragged thru Supreme Court, 18 tonnes of rubbish on site. Talk about have the prop to ourselves. No-one else interested…too hard and yukky.
Bought it for less than land value. Now fully cleaned up and tenanted – signed up leases for 5 years…more nett cash than we expected, place is exactly nuetral CF. Landbanking nuetral CF…it doesn’t get any better than that. 4km from CBD on 8000sqm.
The other one was on the net, but it was hard to spot, and looked mightily unattractive. Was grossing 4.3%, with awful illiterate non-paying tenants and 55 tonnes of garbage. Cleaned it up and now doing 15.5% all fully signed up on secure leases. 7km from CBD on 7000sqm.
If you are seriously thinking of simply sitting there surfing away, looking for that elusive click where +CF deals simply fall into your lap, then happy clicking away…you are going to be there a while.
The +CF deals are everywhere in all of the big Ozzy cities…but you won’t find any of them staring into that computer screen of yours. It’s nice and safe and easy and comfortable sitting there behind your anonymous screen, but it doesn’t pay very well.
What pays well is getting out there and doing some hard nosed negotiating…face to face…and then roll up the sleeves and muck in to clean the place up. Sometimes you actually break out into a sweat and it stinks. That’s when I know I’m in the money. [biggrin]
Cheers,
Dazzling
“No point having a cake if you can’t eat it.”
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