Hello Kay & Westans,
Given that this whole website is devoted to cash flow positive property acquisition, how many people (such as yourselves) actually have cash flow positive property??

If you have cf+, did you purchase before the most recent property boom to get the cheap house price to rent OR have you all done as Steve did and do wraps?? And, now that all the prices have increased dramatically and there are no cf+ deals left, what are the recommendations of Steve McKnight?…to continue with wraps or something else?

Cheers Karen B!

Thanks ANUBIS, the best advice I have heard in a while and good for us new investors too!

Your advice will save us from going too crazy looking for straight buy and hold +CF deals.

One has to remember that most of the + CF IP’s that Steve set up and still holds are wraps (it would seem from the book). And wraps are probably the last place most new investors would start, as they seem most daunting and to some unethical.

Remember that people like Steve have also done many quick reno’s to make some quick cash or made really low offers on houses that then in turn become +CF.

I think it is unfair and unwise to simply suggest that newbies “belive” & “keep looking and looking and looking” ad infinitum.

Maybe we need to spend some time suggesting other techniques that have worked for us, encouraging reading about new techquines, uping our research of potential markets finding great stats sites to help find potential growth markets.

Cheers Karen B!

Hi Marianne,
I was of the mind last week that finding property that meets the 11second rule at this stage in the market in Qld (where I am from) would seem to be impossible.

But with diligent searching for online listings (about 2hrs one morning last week) and research on the towns stats, growth potential etc… I believe I have found a town that would fulfill the 11 sec rule (if I can negotiate down the price by $20K, more likely as I would like to buy 4-. But at least this town has properties that will pay my IO repayments (at 6.47%), rates and insurance and leave a little bit left over and shows signs of steady growth for a remote area!!!

Needless to say I am ecstatic … and want to encourage you to keep looking in your state and others.

Cheers for now,
Karen B!

Hi Tanya,
We sold our own home privately to a work acquaintence in June 2003. It certainly is doable! Just work with your solicitor to do deal and contracts.

I would certainly try to sell privately again. I would simply take out a listing with http://www.realestate.com.au and place 1 or 2 ads (probably with photo) in the most read real estate paper and then field calls and hold an open or two myself.

I feel that this would work best with a property that presents well, I am not sure if you had a more unattractive property you may need to use an agent to catch a larger market.

All the very best with your sale!!!

Cheers Karen B!

Hi Jules,
I have the same question, so often you can gather great info from a book you want to know that the seminar will offer more detail.
Cheers Karen B!