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October 30, 2009 - 11:42 am

hey, i dont think u'v given enough information about your position for anyone to offer you advice.

I dont see any harm in buying another property if it's cash flow positive but you have to consider the implications if interest rates were to rise

October 29, 2009 - 4:09 pm

Kiwi Property Guy wrote:

marx3bull wrote:

Your plan looks wonderful. I am looking forward to it. I am looking for a good place to invest so that I can easily make good money. I request all members in this forum to suggest some good place names so that I can go to a deal.

Check out our latest offer here, good discount below the valuation and cash flow positive as it is, with a good rental upside beyond current rents. Here's the online version of the email that went to our database http://eepurl.com/dMoQ more info and the full property report is available on request.

in regards to the property u linked to… so you are selling them at 270k even though they are valued at 340k?
what is the reason for the discount?

for calculating the cash flow position… 

assuming a deposit of 10%..
amount borrowed = 243k x 0.08 (interest rate.. assuming? i got no idea) 
= 19,440 ~ interest only repayments to bank…

yearly rent – 420 x 52 = 21,840

21,840 – 19,440 = 2,400 positive cash flow

so you'd calculate the cash on cash rate as 2400 / 27k ( + purchase expenses) = less than 8.8%? (you only count pre tax cash flow right cus depreciation tax savings are paid back on sale of the property?) 

 also is this an example of a flip? (your assignment fee of 8,500)

im reading 0 to 130 properties that the moment and wanna make sure i have everything down..

is this slightly dated… are +cash flow properties harder to find in todays times?

thanks

October 29, 2009 - 3:31 pm

so someone was killed there.. big woop?

October 21, 2009 - 10:11 am

Wow this is amazing… im ganna withdraw my super and put it all straight into this and make a trillion dollars a year 

October 20, 2009 - 8:04 am

Terryw wrote:

Suchy wrote:

Im not entirely sure but i believe you have to live in the property for a minimum of 12 months not 6 months before it is CGT exempt 

Can you back up this claim? I have never heard of anything like this.

my mistake, ATO says the factors are

"

October 19, 2009 - 11:28 am

Im not entirely sure but i believe you have to live in the property for a minimum of 12 months not 6 months before it is CGT exempt