Hi
Just wondering if anyone can provide some information on web sites that source positively geared properties? I have been looking at a few of these web sites and the properties appear to suit my investing criteria. Has anyone purchased a property through one of these web sites and if so has it been successful? Any advice would be greatly appreciated.
Cheers
Adam
In today's real estate market, it is hard enough to find a pos cashflow property without spending another $5k on a buyer's advocate to find them for you.
They can maybe find you one, but you would want to know what the area is like, is there any cap growth prospects, is there any rent demand etc.
I saw a property advertised on realestate.com.au a few years ago that had a good rent return, high "on-paper" deductions and was not expensive. I did some research on the area and discovered that not only would I struggle to get a tenant, but there was no local Property Managers and the standard of the tenant would have been questionable.
I did not look any further, and then I saw the same property advertised to buy on a pos cashflow property finder's website a few months later. The purchase price was $3,000 cheaper, but then you had to pay the finder's fee – $3,500 + GST.
Save yourself the dough and find your own, but if you must use them; research the area very thoroughly yourself first.
http://www.cameronbird.com.au
subscribe to their email newsletter for free.
They are a real estate agent that has a close tie with a property developer and the properties are usually positive when building write off depreciation is taken into account.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
