Howd, once again thanks for all the replies! Just to address some of the statements in a few of the replies, a property that pays of the mortgage as well as putting money in your pocket is great no matter how much if gives you, from $2 to maybe even $1,000, because that money that you are not working for, its money that is working for you! On another note I stumbled along to the positive cashflow calculator, which can be found just a few posts before hand, and just put some numbers in, thats how i got to the $2 per week. But the main point i’m trying to figure out is how do you find one of these properties that will put money in your pocket! because properties are just so expensive! if you start negative gearing, and claim it on tax then after thirty or so houses your not going to have much to live on! I’m just trying to say how do you get a house (with propertys being so expensive), with rent high enough to pay for the mortgage and place money in your pocket, it just doesn’t seem realistic???

Cheers,
Damien

G’day, Thank you both for the replies, I think the main obstacle that i am trying to say is how do you obtain a positive cash flow property, even looking at the +CF caculator, it doesn’t seem as though you can create positive gearing realistically, as the (rent)-(loan repayments)-(yearly expenses)=negative gearing, property prices are just so high, i find it hard to grasp how a property can put money in your pocket! A property bought for 56,000 with the rent at 140 gives you less than 2 bucks a week, and the problem is house aren’t at 56K but are over 100K[eh]!!!
Cheers,
Damien