Could it be called Negative Geared with Positive Cashflow????

How To Create An Income For Life by Margaret Lomas goes into this in great detail.

Ally

ENJOLady,

I have been pondering this question lately, and have decided to just go ahead and ask. What exactly is ENJO?

Someone was telling me about a brilliant new cleaning system called ENJO sold via Party Plan?

Are you affiliated?

Ally

MJKMJK

I am struggling to get my first +ve cashflow property. The thought of needing another 49 makes me shudder.

I have just finished reading Jan Somer’s Building Wealth in Changing Times, having ready her first book, Building Wealth through Investment Property some time ago. She manages to make negative gearing sound OK. You only need say…[Read more]

MJKMJK

I am fairly new at this, but what I have gathered from the pro’s by visiting forums, is that is not advisable to cross collateralise if you can help it. I was advised to use my LOC for my PPOR for deposit only (+costs) and then take a separate stand alone mortgage. However, I don’t see that it has to be with another institution. Why…[Read more]

Hello 111111 (is that enought 1’s?)

I am also interested in the Cairns area, but am slightly put off by the distance factor – I am from Sydney.

There has been recent discussion about purchasing in Cairns on the msn property investment group forum. Have you seen it? Worth a read.

If I am to spend $500 on airfare (x 2 for partner) I want to be…[Read more]

Thanks guys for your input. I am attracted to Logan because of the infrastructure and the positioning of it, between Brisbane and Gold Coast. Plus it is a capital city. I think I would feel more comfortable investing in a capital city, even if it wasn’t a fantastic yield, because I feel more sure of capital growth. I suppose each to their own,…[Read more]

Being a Sydneysider and looking for +ve cashflow is difficult, I feel. I have found one property in Cairns that passes the 11 second test, but it is not exactly a matter of jumping in the car … I have found other +ve cashflow ie: Brisbane, but that depends on depreciation to make it +ve. On this site I have seen little mention of the…[Read more]

I am considering Brisbane also. Not knowing the city I went to a bookstore and bought a couple of maps of the city. They show major roads, rail, shops, hospitals, uni’s etc etc. It has helped somewhat, especially since I knew nil about which suburb was where. I then went to realestate.com.au and began my search. Hopefully you can get some…[Read more]

Hi Bruce

I may take your advice and begin a thread to see if my gut instinct is right, and jump right in with both feet, or if I should wait until the time is right.

I appreciate you taking the time to reply. The accountant, who was recommended to us, doesn’t even own their own home, but prefers to rent? He also recommended to my newlywed…[Read more]

Dear Donald

We purchase our PPOR in Kellyville last April for $470,000. In November the house behind us sold for $600K and now a house down the road is for sale for $650K. I had a sticky beak and all I can say is ours has to be worth around $550k. They say the market is slowing, but I can’t see any sign of that in the Hills. We sold our home…[Read more]

Thanks Mike, for giving me some confidence. We saw an accountant who said he would prefer to see us pay off $100K from our PPOR loan before we buy an IP and his suggestion was to spend say $500K in the inner city area of Sydney? I was really down after seeing him, but I think now he was a very conservative person, and possibly not the best…[Read more]

Hello Tails

I was interested to hear your Uncle’s story. However there is one point, and that is the starting point, that really worries me. He advised to pay off your PPOR fully first? If I do that I will be here till doomsday. My partner earns a great salary, but on the downside we have a substantial mortgage. If we can service a loan for…[Read more]

Hi all,

Regarding what Mike Robinson said about the city cousins … I am one of those city cousins from Sydney. You do become conditioned to the outlandish prices commanded here, so when you go to realestate.com.au for example and can find whole houses on decent blocks of land for $100,000 you can’t quite believe it. You think they must be…[Read more]

Hi there Gracie

I am a new member to this forum, although I have long been a visitor to this and other forums regarding Property Investing. I live in Sydney and am looking to get into +ve cashflow IP’s. As you will know the major stumbling block is that there is nowhere in Sydney (that I know of) where this is possible, therefore I am forced to…[Read more]