Forum Replies Created
- DWolfe wrote:You can apply the formula in the revised edition which does give you the yield. If the yield is high bingo. Hence the revised edition.
And yes these properties are not just floating in the air for people to pluck, we would all be really rich (nice but ain't happenin). You need to look in different areas. Where I rent you would NEVER EVER EVER find a CF+ property. But plenty of regional areas with decent populations and industries hey presto, found one. These properties are not pretty mansions by the sea. These properties are not places YOU would like to live in. But they are where people will rent and what people will rent. (And I'll skip the regional blah blah, risk, blah blah lack of CG spiel thanks) I've tried getting my name on realtors "lists" but hey maybe I'm just not that rich! Then again I might be "unknown person no 20" rather than "person who buys most of the time"
Go shopping, somewhere that is other than past the local window, because if you don't seriously shop you wont buy anything. I don't go grocery shopping hoping that someone will sell me the cheapest, tastiest bread, and then complain when it isn't in the first shop I go in. Shop around.
D
It is always a trade off buying in the small rural town versus inner west of Sydney.
You can always find CF+ in the regional or rural town.. but there are risks associated with them."ps: I reckon Custodian Wealthbuilders rock. Will be attending seminar shortly."
Why not u asked John Fitzgerald in the next meeting?
He was generated 4-5 Residex report by Mike.. of course become good mortgage broker
