Forum Replies Created
They were great to deal with but won’t do another. Depends what your investment strategy is and how active you want to be. You are relying on 7% growth per year and holding down a job to accumuate properties that start as negative geared properties. You don’t have any control over capital growth. What if the market slows??
I am now an active investor with passive income as my strategy.Hey kengw002
Going on comparable sales in the area our property has grown $120K in 3 years so happy with the capital growth, tracking at around 7%. We are negative $4500 cash flow so hoping to get neutral in the next 2 years by paying P/I and rents are going up in the area.Hey Sizza
Open corps strategy would have Cranbourne east as too far away from CBD for capital growth.
We bought in greenvale with their strategy. Let’s see how we go!!!
CheersThanks Benny
I’m doing Steves course now and feel quite silly and uneducated with our purchase with open Corp.
Will definitely be keeping my eye on this property but will see how it goes for a couple of years.
We are looking at doing a subdivision in the near future.
CheersHi All
This is my first post ever after watching for nearly a year now
We bought a h/l property through Open Corp over 12 months ago. You pay them a fee to manage the whole build and property management for the first 12 months. They guarantee the first years rental.
They are relying on capital growth and refinancing when there is enough equity in the property so you can then duplicate and buy another h/l in a capital growth area.
They are Selling the idea that the property will grow 7% every year hence the property
Will double in value in 10 years.
If i had my time again I wouldn’t have gone down this track. I’m now praying for capital growth. I will evaluate the property in 3-5 years and decide if I should sell it.Cheers
