So I have to ask the question, do cash flow positive properties still exist?
+ve cashflow properties still do exist, though for the many who are getting loans at higer interest rates, its is much harder for them to find +ve cashflow properties that fall will fall inline in how their loan is serviced.
As long as you havent lived in your IP post July 2000, you are still eligible to have the FHOG. Though if you do acquire another property, for the sake of your own PPOR, make sure your partner, has has no interest in property pre July 2000 or has had interest in her own PPOR or with someone else, which binds her to having interest…[Read more]
A simple due dilligence can be, a builders/pest inspector report, talking to locals, asking further more questions with the real estate agents. Or even a quick search about the area on the interent.
Even just talking to the locals, you learn so much.
Dogs are honest and faithful to those they love but they tend to worry too much and find fault with others. They make ideal secret agents or business people.
Famous people born in the Year Of The Dog:
Shirley MacLain, Henry Cooper, Slyvia Sims,Dolly Parton, Liza Minelli Jane Asher
1975 Year of Rabbit.
Rabbits are affectionate, co-operative and pleasant, with lots of friends. But they can get too sentimental and seem superficial. Ideal careers areas include law, diplomacy or the stage.
Famous people born in the Year Of The Rabbit:
Germaine Greer, Neil Sedaka, Francis Ford Coppola, Nanette Newman
If a property is $110k and rents for $200pw, dont just dismiss it, find out more about this property, it might be able to claim a depreciation, even on an I/O loan the property might give +ve dollars back in a tax rebate. There are also other little factors that can make a -ve cashflow property into a +ve cashflow…[Read more]