Forum Replies Created
Hi Steve,
No not really, the accountant I used to use has left town so I’m trying out a new one hope it works out. Where are you from? I havent ever sub divided before we’ve kept to the basics but it is something I would like to get into at some stage. Where abouts are you sub-dividing? As for a solicitor when investing or selling in town I would recommend consultant paralegals but for anything difficult sorry cant help you.
MartinMartin
Hi Steve,
Congrats on paying off your home in bendigo. I live in Bendigo and have had my properties managed by DCK with who I have had no problems with. They are the largest property managers. MartinMartin
Hi Veenav,
We have one property in Cairns and it is managed by LJ Hooker Edge Hill and we havent had any problems with them. Been with them for approx 9 months. MartinMartin
I’ve been looking also for positively geared properties that with a bit of luck will also provide some capital growth for a long time. These properties are in my opinion very very hard to come by. There are positiveley geared properties out there but are usually in small population towns and capital growth, rentability etc could be risky. I have found properties in Cairns that were cash flow neutral last year and bought same. Rockhampton was good and I found a couple there that were cash flow postive 18 mths ago. I tend to agree with Geo I’m currently looking at New Zealand. Plenty of cash positive properties located in good size towns and the properties look in fairly good nick. Westan is a person who is a regular on this forom and is good to get information from. Good luck.[biggrin]
Martin
I was under the impression that his casino had gone into bankruptcy[blink]
Martin
Dear Yack, Do you describe a couple being on a combined income of $200000 modest? I dont know many couples that have kids or no kids that have that sought of income.
Martin
Hi Rotorog,
Not all positive cash flow properties are only found in small towns, most of my properties which are cash flow positive are in towns of over 70,000 people. Not all of the properties started off as cash flow positive. But due to falling interest rates, increases in rent,or reducing the amount borrowed turned them into cah flow positive. I’m sure a number of investors in this forum have sold properties due to the capital gain and reinvested back into their debt thus creating cash flow positive returns, and then went looking for other opportunities.[biggrin].Its been a good time for those people who bought properties when interest rates were much higher and the buzz word was all about negative gearing. There are I still believe bargains to be found and with interest rates on the rise so will opportunities arise.Good luck.Martin
Hi Scullyman,
Could you please explain what a lease option is and the particulars of this lease option. Also where is the property located.[biggrin][biggrin].MartinMartin
[biggrin]I agree with aceyducey. I have a mix of units and houses. On a capital gains situation the houses have performed much better than the units. The units however have provided better positive cash flow. I think its good to have a mix of both. Capital gains helps you to buy more properties, positive cash flow helps to service the loans. Every investment is a risk, all you can do is educate yourself, and thoroughly research the area where you are going to invest in to minimise those risks ie take calculated risk. Anyone who tells you an investment is risk free is an investment I am most wary about. Anyway assess where your at, at present and decide which way suits your needs at present.
Martin
[evil4][evil4]This is a scam big time. Do not send details do not send anything. Please look at internet site http://www.scamorama.com it has a lot of funny stories about these scammers and how people scam them. [biggrin]Martin
Martin
Dear Mobile Mortgage, What do you mean about having a Power Of Attorney when dealing with New Zealand institutions? What is the current best interest rate you have for the lending institutions. What is the current interest rate for the major institutions in New Zealand? Thankyou for your response. Martin
Martin
Hi Andrew,
Over past 2 years I have bought a duplex in Frenchville and a house in Frenchville. Both place have always had tenants and the properties are positively geared. Talk to agents abou the best areas also talk to locals ie bar people, hotel staff people in shops etc, ask them where they would like to live and what ares to avoid. Visit the places, do the numbers and see if the property is worthwhile. Avoid Gracemere the magnesium plant has failed and so will the property. Rockhampton has bad areas but so does everywhere else. Get a good property manager. But most of all avoid people who say a place is shit without quyalifying their remarks. MartinMartin
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Martin
