Forum Replies Created
As a postscript to this lengthy discussion!
I just got back from Melbourne (I’m in Sydney)- the seminar was great, very informative, thought provoking and really interesting. Steve & Dave (and the rest of their team) were very approachable and accessible.
I’m just starting out and I didn’t make the decision to go lightly – $1k is $1k. But I’m determined that it will prove worth it!
Steve, Dave & team – thank you, and for those I met – it was lovely to meet you
]Rollcall!
I was wondering the same – I finally bit the bullet and decided to go – so look forward to meeting some of you there.
(Oh, and if the question hasn’t already been answered, its Steve’s live 0 to 130 one day seminar – so don’t feel rejected![
]Hi Mattsa,
Have you tried searching through past posts, as opposed to the main site? Basically the cash on cash return calculates your return on your initial cash outlay.
And the 11 second rule is a filtering tool – its a very quick way of determining which properties could potentially be cashflow positive ie it helps you determine which ones might be worth your time in investigating further. Pretty much all you need is the estimated rental rate and estimate purchase price.
Hope that helps [
]Many thanks Kavita, will do and I’ll check out the site. [
]Hi Mooda, welcome. A newbie myself, but my thoughts – studios in those areas you mentioned seem to be oversupplied at the moment. High vacanies, I know some people have mentioned it can be difficult to get lending for small city places (ie literally depending on the size of the studio).Whether or not William St will be the hot spot of 2007, can you ride it out until then?
If you’re after a cashflow positive investment, I don’t think Sydney is likely to be your answer! Yes, look outside in regional areas – but as for where, well many of us are still searching for that answer!
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