Sorry I didn’t explain myself very well. I have reached my borrowing capacity when it comes to normal deals (eg. Me putting down the 20% deposit with my own money). So I have not yet approached a bank (either by myself or through the lender).

I am looking to start another business in the next month or two that will increase my borrowing…[Read more]

I am amazed at how many people in this forum are looking for growth…not cash flow.

I feel like Steve McKnight is talking to a brick wall sometimes.

I would go with the house.

Rental returns may be the same, but with a town house you have added costs like the costs for taking care of the common areas.

Also the house is better because it is LAND that goes up in value NOT houses. With the house you own more land than with the town house.

The house will probably be more CF+ than the…[Read more]

I wouldn’t waste my time if I was you.

That is like saying “I want to own a McDonalds so I am going to be a fry cook”. Being a property investor and being a mortgage broker/real estate agent are completely different things. Instead of doing a course just start looking to invest in property and start talking to real estate agents and mortgage…[Read more]

That is a very broad question and one that can’t be answered easily.

The short answer is “It depends”

The long answer is:

It depends on your strategy and reasons for buying. Are you buying to live in it, for capital growth, for rental return?

Why Geelong area? Have you done research that shows this area is a good place to invest or are you one…[Read more]

Cons of trust – Harder to get lending, and more complicated when it comes to tax return

Pros of trust – There are so many pros. The asset protection is amazing and second to none. I would never invest without a trust. If someone sues you without a trust you are effed, if someone sues you and you have a trust you lose a lot less (sometimes nothing…[Read more]

I must say this post was way too long to be of much value to anyone in this forum. Personally I think forum posts need to be super short and to the point. If someone can summarise this post for me then I might read it.

Ryan McLean
http://CashFlowInvestor.com.au
Positive Cash Flow Properties Are Just A Click Away

Just because it has been repossessed by the banks doesn’t mean it is going for cheap. Banks like to make as much money as possible and they won’t sell cheap just to get their money back…they will try to make a profit.

The way to get them for cheap is like allycat did. Find properties that have been on their books for a long time which won’t…[Read more]

It depends why you are investing. If it is purely for capital growth then you need to look at so many factors. Purely capital growth investing means you don’t have to invest in a certain area. Just find somewhere that you think will grow in value and plonk your money there by buying a property.

I don’t know a lot about capital growth as I am a…[Read more]

When it comes to mentors I would say only sign up if the person who will be mentoring you is doing exactly what you want to be doing.

If their property investment strategy is different from yours (and it might be because there are hundreds of strategies for investing) then you might want to steer clear.

I am all about investing into your…[Read more]

Maybe you should look at getting a new property manager.

You say you can’t afford to drop the rent, but dropping the rent $10/week ($520/yr) is better than losing 2 weeks rent ($780/year). It is a fine line to cross there.

Your property is interesting. Having 3 levels is a bit of a pain in the ass for someone who wants to rent. It is only 3…[Read more]

Generally, guaranteed returns mean you are paying a premium for the property. They have to get the money to pay you from somewhere.

If it is only $57/week negative (or around $3,000/yr) then you might be better doing some more research and buying a property off a regular vendor and getting a discount of $3,000+ on the purchase price.

Generally…[Read more]

Looks like you might be taken for a ride when it comes to ‘value’. Selling a residential property that is actually zoned commercial may prove hard (and thus it’s low price 2 years ago).

It might be that the current vendor saw an opportunity to sell to “Positive Cashflow Investors”. The property might only be worth half of what he is asking, but…[Read more]

I dislike mortgage brokers. They have never helped me but always blown me off because I didn’t fit into their little box. I have had so many rude mortgage brokers that they have almost permanently put a bad taste in my mouth.

Not to be too much of a hater but they come across as the “nice guy” saying they don’t charge anything and are just here…[Read more]

Hey Peter,

I run a Positive Cashflow Property Finding Service (that’s a mouthful).

My website is http://CashFlowInvestor.com.au

Basically what I do is I find positive cash flow properties and then give you the details of all the properties I find. It is WAY cheaper than the seminars which are 5k and loads cheaper than Buyer’s Agents or Property…[Read more]

Hey Bea,

My name is Ryan McLean and welcome to the forum. This is a really great place to get help in CF+ Properties and just property investing in general. I have just started becoming an active member in the forums and I am loving it. The community is great. I have looked hard to find people like me who focus on positive cashflow…[Read more]

I will definately check out Paul’s other posts. Might be interesting.

I was excited to get some vendor finance offers accepted, because now I know it is possible. The only problem I have now is that I have multiple vendor finance properties that look like good investments, but I don’t have the borrowing power to capitalise on the…[Read more]

Is that even legal buying it off someone else? Does that breach copyright?

Actually it probably doesn’t. As long as the person selling it doesn’t make a copy to keep for themselves.

Ryan McLean
http://CashFlowInvestor.com.au
Positive Cash Flow Properties Are Just A Click Away

I know of a property. I have had a vendor finance offer approved on a property, but my financing fell through.

I could pass the information onto you, but what would be in it for me (the magic question).

The property is on the market at $75,000 in a rural town centre and vendor finance has been approved with a sale price of $80,000. Pay $64,000…[Read more]

I know loads of places where you can find HOUSES (and units too) for under $200k that are positive cashflow. Maybe not in the “best” part of town, but certainly not in a horrible part of town.

I would share them with you here but then I would be giving up my most valuable information. See I run a property finding service…[Read more]