I also don't think that any of them would be considered as a hotspot, especially when you compare returns that you can get from mining boom hot spots.. Although, those 3 areas that you mentioned can be considered regional major hubs, which you may be able to find a number of positive cashflow properties, and cheaper properties than in metro…[Read more]

hey investor sam,

Congratulations on going down the road of investing in your second investment property.

Do you have any cash saved up or were you keen to only use your equity?

Hey insanowayno,

Like you, I’ve also immersed myself in property investing. I’ve mainly focused on positive cashflow investing which has helped improve my serviceability and my income, and helped to ditch my own job!

Good luck on your journey, and we’re all here to help you out.

Muz,
Other popular Australian authors who give slightly different or totally different views than Steve include Jan Somers, Margaret Lomas, Michael Yardney, and I've seen a number of other books that talk more about renovations and/or flips and making money off that.

Oh and if you just want a quick overview of the Negative Gearing Strategy in…[Read more]

Another method would be to use realestate.com.au or domain.com.au but type in the keyword "mortgagee" so that your results are only those that have mortgagee in them. This could be a faster way for you to find them.

However, be aware that not all property ads on those websites which are mortgagee in possession actually advertise that they are so.…[Read more]

opee,
Melbourne CBD areas tend to have very few CF+ properties, unless you are willing to pay a higher deposit or add dual occupancy features.

Have you considered looking at positive geared properties around other parts of Victoria, especially check out regional hub towns, which have the combination of positive geared prospects as well as…[Read more]

For me, I read the saving 10% rule in a number of wealth related books and I began implementing it myself. This actually works. After a few years, I had actually saved up a couple thousands of dollars which I used to buy my first IP. What makes it work even better is if you do it automatically so that you don't have to actively think about it…[Read more]

Hey Michael,

I grew up around Parramatta so I know the area well.

Apart from that experience, I'm also an active positive cashflow property investor.

I've checked out Granvillle and Blacktown areas, and generally, I've found more CF+ properties around the Blacktown area. So if that's more of your strategy, then around Blacktown would be…[Read more]

Same here.

In figuring out which is "better", depends on which perspective you're looking at it with.

As an investor, I much prefer houses, because of the ability to increase the value of land, the ability to add value in creative ways, and the fact that you don't have to pay for strata fees which can be a drain on cash. Houses can be more…[Read more]

Well I think many first home buyers will be more prone to consider buying new homes, considering the very generous benefits.

But in light of scrapping the first home benefits for buyers of existing homes by the end of next month, I think that we'll be seeing more first home buyers purchases before Sept 30th. I actually know of 2 first home buyers…[Read more]

Like you I did something similar.
I was doing a uni degree in Sydney, but I figured out that experience was the most important thing to get to my goals fastest. I left my degree for a bit, and did internships/volunteer work and worked to get experience while also studying my degree by correspondence. I believe the real world experience is most…[Read more]

Gday Pale Ale,

We’re keen to help you as best as we can in the forum.

What kind of investment properties are you looking for, and what’s your investing strategy?

When you asked about which report was "better" than the residex one, what kind of reports were you looking for?
Also, "better" really depends on your personal investment goals.

I've checked out the Residex reports myself, and they didn't really suit my needs to look for and analyse positive cashflow properties, which is more related to my…

If you use a property manager, you could ask them about the demand for rent to own. Or if you don't have one now or even if you do have one now, do ask around with other property management services around your area. They will help you out with some ideas especially if you give the explanation that you would probably go with their service if they…[Read more]

Me too!
I looove to travel, but I tend to like doing longer stints of travel as well as do some volunteer work when I can. Travel and volunteer work are what I'm really passionate about.

The last 3 places where I travelled for a longer-than-average period of time were Bangladesh, Thailand and Taiwan.

Other hobbies I have are doing Body Combat…[Read more]

santh wrote:

He goes back years and years ago when it was very easy to make money in real estate.  He made his wealth buying properties out in the country and they were always properties where the mortgage repayments were equal to or less than the monthly loan repayment.  He NEVER bought a property where the rent couldn’t pay the mortgage…[Read more]

Welcome Daveski!

What brings you to the forum?

We're all here to help you out as best as we can.

Whenever I want a street level view, or even a satellite view of a property so I can see how it is situated compared to other suburbs or major locations, I use the Google Maps website – https://maps.google.com.au

This can be very useful.

Another advantage of positive geared property is that as you increase rents gradually for each CF+ property per year, your income grows by alot too. It's a great long term strategy, and one that I employ as it fits well with my goals and philosophy.

I would prefer making money through property which is passive income, and building a portfolio of…[Read more]

opee,
I agree with catalyst that you need to get advice from people who have actually achieved the result you want. (Not from friends or family or others who do not own any IPs or are just giving their 2 cents opinion)

But before you get good advice from good rolemodels, it helps to know what you actually want. What do you want? What goals do you…[Read more]