so in layman's terms… no matter which way you look at it we're screwed?

Kiwi-Fulla wrote:
My swing on it is ….Just do something! Basically there are 3 ways that most people have in thier skillset to make money out of property:1. Buy and Rent – If the yeild is there…. this is typically in the down cycle or slump in the market2. Buy Renovate and sell or refinance… if you can't get cashflow then you can get cash…[Read more]

Opportunity In Everything wrote:
Providing a tenant with a car, you might want to save your biggest cardboard box, thats where you'd end up living.

LOL. I had a similar thought previously too so good on you for asking!

Procrastination is the thief of time.– Edward Young

Don’t I know it [whistle]

I’m also looking to make a start in the game.

Good luck Libby!

Originally posted by ksb7:
would it be recommended to build a portfolio of positively geared properties to ultimately have the home we want?

yes, “delayed gratification” as Steve would put it.

That’s certainly the approach that I want to take with my own investing.

Your lending options are difficult to determine without you first providing an indication of how much you want to spend on an investment property and also an indication of your other expenses.

How much I am wanting to spend is limited by my borrowing capacity, which is why I’m considering involving my parents.

Of course I would prefer not to…[Read more]

Originally posted by Monopoly:If you are prepared to sell off an asset which has grown 50% in just 2 years, IMO you’re a fool!!! Even if the cashflow is not positive, the growth is fantastic!!!

not sure if that was sarcasm, but my response would be something along the lines of “it depends on what your investing goal is”. if it’s +cf that you’re…[Read more]

Perhaps look at the possibility of joint ventures.