For all the people looking for cash flow positive property investments and can’t find any just 3 pieces of advice, LOOK HARDER, LOOK HARDER AND LOOK HARDER.

Dazzling and Adam

Very well said. Thanks

Hi Steve

Thanks for the opportunity,

I have just completed for the first time in my life a personal cashflow for the previous 2 years and had negative balances every month. Any tips on how to turn this around.

Hvae a good day

Dazzling

You are not alone. My wife wants nothing to do with investing in property. She wants to own the property and she used them for a bragging right one day against someone she didn’t really like who was giving her the <edited>s about them bragging about what they had.

She is extremely good…[Read more]

jjaaus

Thank you for raising my awarnes about the landlord insurance. I actually did have a vacancy in a unit i own in cairns. i asked the insurance company just then about a claim for a month of vacancy between leases and they said NO. So the expense relating to vacancy allowance stands. What…[Read more]

minidaz
Definately have the investment properties in a different loans to your principle place of residence. The deposit amounts will be added to the loan against your existing ownerships. I guess you can account for this and that section of your loan can be dedicated through your accountant for…[Read more]

jjaaus]
The insurances actually covers building insurance in case the thing gets blown away, public liability and stuff like that. The repayments are based on 7.3 % interest only. I have no deposit I am equity based, I have no tax advantage I make no money. This all very well but I have been…[Read more]

Best leave the polished floors until the very last. After painting and carpet. Don’t walk on them for 3 days. Add 30 % to your budget. Try and keep site tidy.

What I have done is develop a comparison page set ou as below
Property costs
Stamp duty
Lenders Fees
Soloicitors Fees,
Building inspection
Other
Total
Deposit
Loan amount
Loan Repayments
Rates
Body corp
Insurances
Maintenance
Vacancy
Agents fees
Other
Total out goings

Rental income
Net Income (Loss)
Net income /…[Read more]