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Our profit plan is fairly basic. We are interested in cash flow so if the property will pay for itself before tax deductions then it is worth considering. Obviously growth allows us to continue to refinance to continue purchasing. We have considered some cash flow negative properties because of potential growth, but would only buy if we had another positive property to offset the loss.
How do other people decide whether or not to buy ?
I agree that it is increasingly difficult to find cashflow positive ( to our liking anyway). We have just signed though on 2 units renting at $225 per week for $174K. Yes they need some work, but at least the is no body corp costs to eat into the rent.
Certainly not the reurn we have got in the past on deals, but not too shabby these days, especially in aseaside location which is booming.Have agreat trip, don’t think we are up for it this March, however we are seriously looking at buying in US. Was it difficult? Is there anything we need to be aware of? Are you financingOS or using existing money in Aus?
We would be keen to talk to you in more detail if you are interested
CathyWhat is the process for buying int he US? Is the process similar to here? what are the tax implications? We have sourced some properties that seem to hav an incredible return. Are we not seeing something?
We would like information about the process and the pros and cons of buying property in the US or other overseas destinations.. How do we go about it? What are the tax implications?
