thank you Benny.

Yes land is meter square. :)

Hi Benny,
Thank you for the response.
1. It is a 3 bed, 1 bath on a 600+ sq ft land. Yes flood report was studied and last 2 x instances was noticed. Due diligence was done using a BA in Brisbane. BA believes it is a great buy. My MB (also and investor) also thinks it is a great buy. I just wanted to double check.
2. We negotiated $15k less than…[Read more]

Thanks mate

Hi Richard,
80% new loan and 20% from the principal residence equity. So its 100% Loan. I will be using the equity to cover the acquisition cost too.
Regards
San

Hi Richard, Thanks. Which areas are worth considering.
thanks in advance
San

Hi Richard, Thanks. Which ares are worth considering.
thanks in advance
San

Hi KGV,

Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
In my expense I include the run cost + interest on (100% loan + deposit + acquisition…[Read more]

Hi Richard,
Thank you for your response. I am after some input to know which location will be good for buying an IP (house) in Brisbane. My budget is around $400 based on borrowing capacity. I am also after positive geared property. I am looking at net yield.
In my expense I include the run cost + interest on (100% loan + deposit + acquisition…[Read more]

thanks all.
I always come and stop at the point of decision – where to buy and how to identify the positive cashflow property.

Is there a logic or method to evaluate the LGA, Suburb, street to identify the property?

I generally us the historical data to find growth and look at the current properties at market for rest to evaluate yield. I use…[Read more]

Hi Benny / Corey / DT and others,

Thanks. I have pulled out due to the negative cashflow. I am hearing from BA’s that its not possible to get positive cashflow properties in metro cities. Positive cash flow will be available in regional area but there won’t be any growth. whats your opinion?

Its now my 9th month searching for my first IP. I have…[Read more]

Thank you gents.
Is Adelaide a good place with good cap gain prospects? This property I am looking at is negatively geared now and is at Daw Park, Adelaide. Its 8 kms from CBD. Its a 3 bed 2 bath house in good renovated condition. asking price is $640K and can be rented at $450/wk.

regards
Santhosh

ok, you might be very experienced. I have dropped an email to Nicl and Paul. If you are inventing and looking for a house as IP, where would you buy now? Capital gain and good tenants are required and 10 year down the line it should appeal to a first home buyer

cheers guys.
@Benny, @Jamie, Are you investors?

Thanks Guys. I will be calling JacM next week.