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  • Profile photo of stever1stever1
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    @stever1
    Join Date: 2010
    Post Count: 8
    April 23, 2011 - 11:47 pm

    Hi Nathan,

    Great post! Currently my wife and I have a combined income of 100k pa and owe 360k on our ppor. I have one investment property at the moment (neg geared) and am looking to increase my portfolio. I have 180k to spend. i live in melbourne and trying to find some positive cashflow deals and a very hard task. My ultimate goal is to receive enough income from my investments so i can quit my job. What areas in melbourne should i be looking in or do i have to venture into other states?

    Cheers

    Steve

    Profile photo of stever1stever1
    Member
    @stever1
    Join Date: 2010
    Post Count: 8
    April 14, 2011 - 1:01 pm

    Hi Anthony,

    Yeah sorry mate, kind of hard to give accurate advice without the correct info. I think I’ll take you up on the offer, would love to have a chat to you.

    Thanks,
    Steve

    Profile photo of stever1stever1
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    @stever1
    Join Date: 2010
    Post Count: 8
    April 14, 2011 - 12:24 pm

    Thanks jamie, marjac and alf1 for your posts. The lack of capital growth in the city apartments has put me off that idea. Although rental return is high, I would still like to make a decent profit when I sell.
    I believe I am in a good position to invest in property but have not many ideas as to which path I should take. If you were in my situation how would you invest this money.

    Regards,
    Steve

    Profile photo of stever1stever1
    Member
    @stever1
    Join Date: 2010
    Post Count: 8
    December 5, 2010 - 8:26 am

    Thanks everyone for your advice, i guess i'll have to spend less on landscaping and furniture lol.

    Profile photo of stever1stever1
    Member
    @stever1
    Join Date: 2010
    Post Count: 8
    October 28, 2010 - 7:22 am

    Hi Richard,

    Thanks for the advice.

    Regards,

    Steve

Viewing 5 posts - 1 through 5 (of 5 total)