erwanjg replied to the topic Cash Flow Positive Property in the forum General Property 20 years ago
Why everyone is against negative gearing property? A property is still an investment and I am willing to paid a little bit out of my pocket every week to still have a capital gain that will cover what I paid anyway
erwanjg replied to the topic First investment- unit in the forum Help Needed! 20 years ago
I think firstly you should ask the real estate what is the yield % (gross or rent return). After you compare it with the formula Purchase Price=annual rent/yield %.
the yield is due to the market.
So if yield > 6.57% (actual in your case, then the market price should be less than what is asked. If yield < 6.57% then the price should be more so…[Read more]
erwanjg replied to the topic Positive Cashflow Investing in Sydney in the forum Help Needed! 20 years ago
Firstly I suggest you to read the second book of Phil. You will discover than the goal is not to find a positive cashflow property (which is really hard in this moment everywhere in Australia) but find a “problem” and sell a solution to make a profit.
I am not saying that such properties do not exist anymore but maybe you should write down a…[Read more]
