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Viewing 6 posts - 1 through 6 (of 6 total)
  • Profile photo of jamesmdawsonjamesmdawson
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    @jamesmdawson
    Join Date: 2007
    Post Count: 6
    August 17, 2012 - 7:45 am

    Have a chat to someone from we buy houses in the area , maybe just google them first

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    Profile photo of jamesmdawsonjamesmdawson
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    @jamesmdawson
    Join Date: 2007
    Post Count: 6
    August 16, 2012 - 10:18 pm

    Hi , Ive been in the game for over 30 years , I always look for positive cash flow , other wise Im  looking for other money to fund something that is costing me cash. I still claim all the tax deductions I can. Id rather be paying some ( minimised tax) than trying to find cash to prop things up.Check out commercial as well ,  can be easy to find properties that are cash flow positive from day one.

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    Profile photo of jamesmdawsonjamesmdawson
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    @jamesmdawson
    Join Date: 2007
    Post Count: 6
    August 15, 2012 - 4:51 am

    start with the end in mind , ie if you think you need 200k passive income per year to live on , plan  for that. I would not buy anything if it isnt positive cash flow or has big upsides that can be obtained quickly ie its no point working to support a property for years to find that the upside isnt really there.

    Ive been an investor for 30 plus years living from them for about 20 , i retired to byron bay to surf when i was mid thirtys. of course  got bored being retired so kept on investing ! still surfing every day though :)

    80% of my properties are commercial , ive bought a few of these no money down , vendor finance etc I recommend u look at comm property. for one thing your not competing with all the people doing the standard res stuff , plus its generally pos cash flow from day one.

    If your interested I have a course available on comm property , site will go live in the next few days.

    connect with me http://www.facebook.com/jamesdawsonproperty  

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    Profile photo of jamesmdawsonjamesmdawson
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    @jamesmdawson
    Join Date: 2007
    Post Count: 6
    August 6, 2012 - 11:51 pm

    Hi I have been a commercial property investor for over 30 years and still in the market , living from my rental income. I have written a step by step course that takes you through the path of how to find , evaluate , negotiate , manage and supercharge commercial property. The course is available now and includes a huge manual , dvds , documents and check lists.  Also includes direct phone contact with me for 12 months to help you through any deal.

    web site will go live soon, please contact me via facebook if you would like to know more.

    http://www.facebook.com/jamesdawsonproperty

    James

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    Profile photo of jamesmdawsonjamesmdawson
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    @jamesmdawson
    Join Date: 2007
    Post Count: 6
    August 6, 2012 - 11:38 pm

    If you havn't checked out burgessrawson , they often have good listings either coming up or stock that didn't sell at their last auctions

    http://www.facebook.com/jamesdawsonproperty

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    Profile photo of jamesmdawsonjamesmdawson
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    @jamesmdawson
    Join Date: 2007
    Post Count: 6
    August 6, 2012 - 11:30 pm

    Hi ,  Ive been an investor for over 30 years and while  you should not ignore any tax benefits you may get from property , both negative gearing and deprecation etc I feel that the more you invest in positive cash flow properties the better. I have been living on my property income for 20 years now and dont mind paying tax if i have to but i certainly do minimize it legally where i can.

    Its easier to pay some tax on positive cash flow than to try to earn more money to support neg gear property.

    Dont forget to have a look at commercial property as part of your portfolio. often it is positive cash flow from day one and you can buy commercial for the same price as a 1 bed residential unit.

     I recommend owning the land as well , I have several comm investments that have commercial tenants on the ground floor and residential above. I own the whole building and dont have to concern myself with strata rules etc.

    As part of my cash flow strategy  I  can let the apartments as furnished for a much higher rent and also are able to strata the properties into two or more lots down the track.

    If you are short of deposit cash to get in dont forget vendor finance. I have done several deals where i have borrowed the dep from the vendor for 5 years or so.

    best of luckJames

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Viewing 6 posts - 1 through 6 (of 6 total)