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Thank you for the advice all. Thanks Kylie for the link.
I found this https://www.propertyinvesting.com/store/buyer-beware/ but it looks old. And I can’t find a link on the page to buy it. Is there a new version or is the software version the go now?
Thanks Stevie, Benny and Kylie for the responses.
Appreciate it…I think I’ll stay away from this one and keep looking. Sounds like a house maybe a better option.
I’d like to ask what your due diligence involves actually – is that history on the property, depreciation schedule, flood reports, pest inspections, what else?
Hi, I don’t know the Brisbane market but if it’s like other cities you need to be careful when buying inner city units.
You really need to ensure the demand is there and that there isn’t an oversupply of your type of unit (and that it’s not a serviced apaetment).
Looking at the figures, can you handle the negative cashflow??
Also because it has gone up $70,000 recently don’t assume you will get that growth in the upcoming years.
You need to look at past figure (over the lasty 10 years). Property does not go up in a steady increase. It goes up sharply (boom) the can be flat or even negative for a few years before the next book. I know a lot of Brisbane is in a boom (has the city moved already? Has it’s boom run it’s course?Are you looking for Capital Growth? Because in order to NOT lose money you need it on a negative cashflow property like this one.
Thanks Catalyst.
No probably can’t handle the negative cash flow. I think the smoke is still around from the boom if you know what I mean…but I’d say it’s almost run it’s course for this season.
I’m looking for positive cash flow first and growth second.
