@ DWolfe – I do agree with you. People coming onto a forum like this and asking “How can I get rich quick?” deserve one work answers. The interesting thing is that even if you told them an EXACT method for getting rich quick in property they probably won’t do it. It still requires study and hard work, which most people wanting to get rich quick aren’t willing to do….yet they are willing to work 9-5 in a job they hate….go figure.

At the end of the day you need to have your own investment strategy that you can focus on to achieve results. There are quick ways to make money, if you are dedicated enough. Asking “How to get rich quick?” in a forum as broad as this one doesn’t show dedication to me

Still I like to throw out a decent response and get the conversation going

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

I would suggest a lot of research as there are not many people who can do this successfully. Yes there can be a lot of money made in this area, with very little input, but you need to be very educated or have very good advisors in property and law.

It might be worth studying this for some time while trying some simpler investment strategies to get a hang of property investing. You only own one property so there is still a lot to learn, and to enter into such a risky and difficult method of investing could be heart breaking if you are not 100% dedicated.

You have probably read Steve’s books. If you have they you might want to think about starting by investing in some positive cash flow property and learn the tricks of the trade.

But, by all means, go ahead with it. Just make sure you educate yourself and realise that it may be a hard slog in the first couple of years as you learn the ropes. Good luck.

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

Are the properties subdivided? Are they or a torrens title?

How can you determine that they are 10-15k under valued. This sounds like a pretty lose valuation. Have you gotten quotes from real estate agents on the values upon completion?

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

I have a friend who is going through this situation (as the son in law) and truthfully it frustrates me. Your son/daughter has chosen their spouse for (hopefully) good reasons, and one of the important things to them will be you placing your trust in that spouse.

When you get married you decide what’s mine is yours and what’s yours in mine. By giving a gift that is limited to only your child and not his/her spouse you are indirectly causing a violation in their decision to each other. They are now living as one unit, one family unit, and I believe it is important for parents to recognize that.

At the end of the day I believe it is more important for your child to know that you approve of their spouse in every way (no matter what happens, even if they eventually get divorced) than trying to protect whatever gift you may be giving and nullifying any trust you place in your child to choose the right spouse.

This is obviously something I feel strongly about. I know I wouldn’t be where I was today if my wife’s parents didn’t trust me to take complete care of my wife. If they were to offer a gift, but it contained the limits you want to put on yours, I would see that as a personal offense and would refuse it.

I don’t expect you to take this advice, or even agree with me. I understand the need to protect your finances from poachers if it is a lot (which at the moment I don’t know if it is…A few million dollars in a few decades will be chump change because of inflation.

Think about the money….yes….but think more about the relationship with your new child in law and what that is worth. I would trust my child enough to give the gift to BOTH of them.

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

Good luck with your investing in that area?

I always am interested to know why people choose the areas they choose. Why did you choose this specific part of brisbane?

Helps me to know how people make investment decisions so I can know how to help them.

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

If I was in your shoes here is what I would do (not saying you should do this just giving my ideas).

Keep your original property (which I assume is your home and you aren’t renting out). Allow it to grow in value over the next two years. In two years time, when you will be wanting to inject your capital you might have an 80% LVR anyway. In which case see a mortgage broker and look at refinancing so you can get a lower interest rate and less fees.

Then take your savings and invest in a positive cash flow property. This way you will receive both capital growth and growth in rental income over the years, increasing your ability to save a deposit or to pay off your existing loans.

I am about to settle on a property this week that is positive cash flow and just cost me $18,000 to buy. You are saving around $18,000 per year, so it could even be possible for you to buy 1-3 smaller investments without having to wait to save the entire $60k+. Then the positive cash flow an growth from these properties would boost both your income and your equity and allow you to invest in more and more properties.

Be smart with your money.

If I was you I would use it to build my portfolio as quickly as possible (while keeping an 80% LVR).

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

I tend to avoid the overseas deals forum at the moment as I know nothing about investing overseas. But then maybe that is why I should read it…so I can learn more.
On a different note it is amazing to see you guys who have thousands of posts. Richard currently has over 6,800 as I am reading this!!! I am amazed. Hopefully I will be able to contribute that much over the next few years. I definately plan on becoming an active member of this forum. This is my 100th post

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

Wow people don’t seem to be giving out much information in this post.

There are loads of ways to make money quickly in property. One way is to buy, subdivide and sell both blocks. Or you could buy, subdivide and sell one block and keep the other. This generally takes about 12 months though.

Another way is to buy under valued and flip the property for a profit.

You could buy land, build town houses or apartments and sell them off.

You could buy units that are still under one title, split them into torrens titled and sell them off separately.

Hope that helps. If you want long term help finding positive cashflow properties then check out my site

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

@ TerryW – That is a HUGE assumption to make! and more importantly is completely untrue. You never know what capital gains are going to be. I wouldn’t personally invest in a town that was declining rapidly in population, but I would never rule out a rural property just because you think capital gains are going to be better elsewhere.

Think about this, what can you afford more? 10 properties worth $100,000 each that put $100/month into your pocket, or one $400,000 property that costs you $1,000/month?

What do you get my CG’s on?
10x$100,000 properties earning 4% capital gains = $40,000/year
1x$400,000 property earning 8% capital gains = $32,000/year

Rural towns can actually help you afford more property and therefore get more overall capital gains, even if the percentage capital gains is less.

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