The bulletin board makes interesting reading doesn’t it? I like all of the positive stuff coming through.

I have been buying investment properties for the past 5 years .

All were bought either negative or neutrally geared. My two in Brisbane are now +CF due to unbelievable capital gains and subsequent rent increases. Melbourne has been stable [bummer].

It’s scary and exhilerating buying property, but I figure you can’t go too far wrong. After all you can always sell it again.

I suggest to my friends [some of which are now in property investments] to buy one [don’t forget your Section 15 tax break] and sit on it for about 12 months to see how it goes. Once you’re comfortable with that you expand your horizons and buy more.

I’m now looking at branching out and aggresively looking for +CF properties for the end of the year. That gives me 10 months while the Pearsall property settles down.

Cheers

Les K.