Forum Replies Created
I think that a carport could add some value/return whether you are selling or holding. Country or city. Next to a home and a dog; man’s best friend is his/her car! I’ve got a ground floor flat in Sth Yarra, which is the only one in the block of 30 that has a carking space next to it. So if I can get a car port through body corp I recon it will be a winner for me and the tennant.
All depends on what your sort term cash flow is like. ie can you afford to invest a little now for some return later. I think with the way vacancies are, you can’t afford not to maintain you property to a high standard or set it appart from the rest of the pack.
Cheers,
Shaun.Sounds to me like you’ve got it sorted!
I’m in a similar boat in that I have had great results over recent years and am tempted to ‘cash in’ now. I guess it depends on what you want to get out of your property portfolio. For me I have full time income from my day job and view my PI’s as a super fund which I will use to fund my retirement.
Given that you have proven capital and rental growth, I’d hang in there.
Cheers,
Shaun.Crikey, $600 a week on bandwith.
I’ll host if for $100.I have hosted a similar forum.
From my experience the biggest cost would be the cost of Steves time and loss of control of his site.Cheers,
Shaun.“There is no master plan to success in business! Getting started is what really counts… even wisdom doesn’t matter nearly as much as getting started.”
Fred DeLuca, co-founder of Subway.
Cheers,
Shaun.I agree the best time to buy is in a ‘down market’. But now is not a ‘down market’. It is a peak. There will be another ‘down market’ but it will never be as cheap as the last!
Cheers,
Shaun.Adam,
Steve was able to buy so many properties largely because he brought positively geared proverties, many unsing vendor financing “wraps”.Great to hear you are getting into the market but just a couple of things to keep in mind..
Firstly you are getting in to the market at the ‘peak’. So capital gains could be a fair way off. Negative gearing is fine if the market is going gang busters but financial suicide if it’s going off the boil.
So your best bet now is to look at positive cash flow property. ie country properties with good returns. Just keep in mind that the maintenance costs for a country house are similar or higher than a new place in the city. So make sure you have the cash flow to cover the costs.
Good luck.
Cheers,
Shaun.Everyone has a different situation, but my belief is that if you have good quality property that has proven capital growth and you can afford to hang on it then do so. The best time to sell some IP’s is when you are ready to retire, so you reduce debt and pay less capital gains.
Cheers,
Shaun.
