yes being in a negatively geared position and only paying the interest can work out ok but I do believe that there is a good feeling about getting a property into a positively geared position as then you are making money and are in a great position to perhaps invest once again! – there is a good feeling about owning more of a property than just…[Read more]

ah yes, that's good to hear….regards,

Hi there Brendon,glad to hear you are thinking of investing in Bendigo or Mildura… I am very familiar with Bendigo.  Our vacancy rates are very low so if you have a property to rent out…. if it is good quality, good position etc… it is normally quite easy to rent out.  The prices in Bendigo are gradually going up… probably due to us c…[Read more]

yes, regarding your question about whether to sell or not?  if you don't need the extra cash, try not to sell because hopefully over time you will see more growth and continue to get the income from the rent…. – I can see however, that you may need the cash to help buy the house that you want……regards,Peter

Hi there Chris,welcome to the wonderful world of properting investing and in your case, home ownership!Before you start investing, get a good deposit behind you.  Do remember there is bad debt and good debt when it comes to property investing.  If you buy your own home, that is bad debt because the interest is not tax deductable and you b…[Read more]

Hi there aturner,you are in a fantastic position. well done.  You have great income and are obviously a good saver. Getting into property should work well for you.  Over time I would take the following steps:Put at least 20% deposit down on the investment properties and try to make some of these properties move from negatively geared to p…[Read more]

hi there,yes when we invest in property there are many outcomes that we may desire.  Initially we have to expect that the property will either be -ve or +ve geared.  If you have adequate current cash flow, then -ve gearing is excellent because the tax benefits are good and if you purchase well, your property should grow in value over time.  If ho…[Read more]

yes time is so valuable. I guess that is why property investing is so appealing.. It is fun and worthwhile learning about the market but once you get some research/education under your belt you are in a better position to make sensible decisions. Then after investing well, you will have time to reflect and then venture into your next possibility.

hi there newbie!,glad to see you are learning up heaps about the positive cash flow process. If you do it right, it can work out very well for your husband and yourself. The setting up of finances correctly is so important, keep up the good work.  All the best in your quest!

yes good advice Clint,cash flow is the name of the game.  It gives you freedom to work on saving for the next investment rather than trying to get enough each week to pay the bills and seeing if there is any left over for investments!  Creating passive incomes is a great idea but before we get to that point we do often need a steady job with i…[Read more]

Wattoette wrote:
It seems too many people believe everything they read…….Most articles and books are that persons own personal view, and how and what they have done was suitable to their own circumstances….You have to take bits and pieces from each one and make your own truth with the facts you can gleam from these people and real life…[Read more]

Hi Wattoette,sounds like you are in a good position to purchase a new property for investment purposes…. yes I must say that avoiding maintenance costs and getting benefits from depreciation, tax etc…. is worth looking at…. but then the newer places can sometimes cost quite a bit more initially too! all the best with your…[Read more]

yes I know what you mean about older properties… they can require regular maintenance.   However, hopefully in the beginning this property didn't cost too much and therefore you can expect to have to part with some money to keep it functioning ok!  If you purchase a property that can potentially return two rental incomes, eg. a home with a g…[Read more]

Getting your second IP. Sounds exciting.  A few things you may consider:  check that the area has growth potential, ie. has industry that is prosperous or about to be developed, schools, facilities, parks, conveniences near-by and perhaps is a property that has the potential for two lots of rent.  eg. A house with a granny flat or unit out the ba…[Read more]

hi there lbluedento,yes I have used hotspotting and yes the reports are quite expensive but if you are serious about a particular property or topic involving properties, then the reports are up-to-date and worth a read.  If you end up purchasing a good property because of the information given to you in the report, I guess the $90 is not too much…[Read more]

Yes cash flow positive properties aren't the easiest to find but sometimes some good reports are available on hotspotting.com.aufor a cost of course!I agree with another post that mentioned shared places or places that may have a secondary add-on dwelling (eg. like a granny flat), that can be rented separately can also return quite good rent (you…[Read more]

well one of the areas is related to mining and the other is taking advantage of building a place that has a separate section to it that can be rented out separately.  This second approach means you can charge rent for the home as well as the separate granny flat type arrangement! what do you think?proptyman!

I know of some places in Queensland that are reported to be looking good for positive cash flow in the near future. <moderator: delete advertising>proptyman