I think there might be a danger in over capitalising in an area like that with low demand.

A quick look on domain.com.au shows that houses in Tailem Bend seem to be about $130k mark, and then there’s another level a bit over $250k for ones on the river.

Assuming you’re not on the river you might already be at the upper end of what you can expect…[Read more]

What you’re talking about doing is a wrap: having a sale ready before settlement date.

The cash flow is certainly indicated… but it’s just so strong that I don’t understand why you would sell this place. Income of $630 on an investment of around $300k ?

The deal sounds pretty complex, and given the tiny amount of time I don’t think you’ll…[Read more]

DLPP: Of those properties in Australia are they commercial? Or in mining areas?

13 Properties is a lot to get through, it makes me think they’re probably not renovating. Are they finding cash+ from the get-go?

Rent is really the key to the cash+ property, so start by understanding the rental markets in your target area.

What suburbs have places that vary widely enough in price. What suburbs have housing stock that is mixed, but with a decent proportion of unimproved properties.

You probably wont be looking at nice bayside suburbs all of a sudden.

I…[Read more]

It’s really not impossible if you willing to look in areas that other people ignore.

Mining towns are great for cash +… but don’t expect there to be significant capital gains (outside of large towns).

In or around captial areas in Australia it’s possible to find places that can be turned into cash +. It’s nothing more exciting than the worst…[Read more]