Tony Fleming replied to the topic How much time to spend researching a area and location? in the forum General Property 7 years, 5 months ago
As Nigel said I would be going to as many open homes and auctions in your targeted area to see what buyers are paying and looking for. You’ll also get an idea of who the good and bad agents are. Target the bad ones for buying and the good ones for when you sell.
Apart from that these days there are a number of online programs to make researching…[Read more]
Tony Fleming replied to the topic Almost every area seems to have negative estimated cash flow? in the forum General Property 7 years, 5 months ago
It all depends on your strategy but negative gearing isn’t the best strategy especially in a city which has just experienced mega growth. You will be buying an asset at the top of the market with low yield. Having said that if you are looking for a long term play it has some merit as the Western Sydney second airport and job hubs will increase…[Read more]
Tony Fleming replied to the topic I need help with making progress in the forum Help Needed! 7 years, 5 months ago
The important thing is making sure they have experience in what you need from them. My first broker never had an investment property and it was a disaster. He didn’t know how to structure my loans to maximise borrowing power. It’s mistakes like this that can jeopardise building a strong portfolio.
There are a number of professionals on this…[Read more]
Tony Fleming replied to the topic Almost every area seems to have negative estimated cash flow? in the forum General Property 7 years, 5 months ago
If you are looking Sydney, Melbourne or Perth that sounds about right with the current market in regards to negative cash flow. Adelaide, Brisbane, regional hubs and Hobart are better picks if you are looking for cash flow? Is this the strategy you are interested in?
If so a quick little cash flow trick I use to scan for cash flow for clients…[Read more]
Tony Fleming replied to the topic Almost every area seems to have negative estimated cash flow? in the forum General Property 7 years, 5 months ago
If you are looking Sydney, Melbourne or Perth that sounds about right with the current market in regards to negative cash flow. Adelaide, Brisbane, regional hubs and Hobart are better picks if you are looking for cash flow? Is this the strategy you are interested in?
If so a quick little cash flow trick I use to scan for cash flow for clients…[Read more]
Tony Fleming replied to the topic Almost every area seems to have negative estimated cash flow? in the forum General Property 7 years, 5 months ago
If you are looking Sydney, Melbourne or Perth that sounds about right with the current market in regards to negative cash flow. Adelaide, Brisbane, regional hubs and Hobart are better picks if you are looking for cash flow? Is this the strategy you are interested in?
If so a quick little cash flow trick I use to scan for cash flow for clients…[Read more]
Tony Fleming‘s profile was updated 7 years, 5 months ago
Tony Fleming replied to the topic I need help with making progress in the forum Help Needed! 7 years, 5 months ago
Welcome to the forum! It’s a great source of information and great way of networking. If you would like to meet like minded people similar sites have property meet ups in different states.
I would start reading up on as many different property strategies and work out which one will work best for you. From there you can start building a team of…[Read more]
Tony Fleming replied to the topic Where to from here? in the forum Help Needed! 7 years, 5 months ago
Hey Matt congrats on your purchase and welcome to the forum.
Corey Batt from Precision Funding is a regular on here who is an investor and mortgage expert. Helped clients and myself plenty of times with financing, tax and asset protection.
The best thing to do if you are unsure how to proceed is work out a strategy that suits your goals and…[Read more]
Tony Fleming replied to the topic MAXXED OUT BORROWING CAPAICTY in the forum General Property 7 years, 6 months ago
I’d talk to Corey Batt from Precision Funding. They are located in SA but in this day and age everything is done through phone, Skype or email anyway so location wouldn’t be an issue.
As for the $180K you still have some options out there. Dependant on your strategy but there are some Regional NSW suburbs and areas in Adelaide that you could get…[Read more]
Tony Fleming replied to the topic Looking for Positive Cashflow Areas with Growth Potential in the forum General Property 7 years, 6 months ago
Hey Ajay,
If you are looking for strong cash flow. I would recommend Albury/Orange/Wagga Wagga. I invest heavily in Albury. Steady growth, strong yields, good tenant demographic etc. Like any investment make sure you do your homework. I’d try and buy with a tenant in place if possible as most regionals have a higher vacancy rate.Tony Fleming replied to the topic Where to invest in 2017 for first tme investors in the forum Help Needed! 7 years, 9 months ago
Hi Shehan as others have stated I would do plenty of research and networking to develop a strategy that suits your goals. Once you have developed a strategy then you can work out the type of properties you want to target.
Best of luck!
Tony Fleming replied to the topic Sydney meetings?? in the forum Heads Up! 7 years, 9 months ago
No problem mate. It’s going to be a great night!
Tony Fleming replied to the topic Sydney meetings?? in the forum Heads Up! 7 years, 9 months ago
Hey Naomi and Anthony. There is a meet up on the 28th that may interest you. I will be there as one of the panelists :)
https://www.propertyinvesting.com/topic/5033001-sydney-questions-drinks-meetup/
Tony Fleming started the topic Sydney Questions & Drinks Meetup in the forum Heads Up! 7 years, 9 months ago
The wonderful team at Young Property Investor have organised a question and answer night for anyone interested in getting their foot on the property ladder, property investing, wealth creation and networking.
We have successful investors, financial planners, brokers, buyers agent and developers on hand to answer any questions you may have as well…[Read more]
Tony Fleming replied to the topic HELP! Caught in negative gearing and refinancing strategy/trap in the forum Help Needed! 7 years, 9 months ago
Hey newbie2015 I’d talk to another broker to make sure every possible option is available to you. Still sounds like you may have some options available to you. Is company x helping or have they disappeared since getting the money?
Tony Fleming replied to the topic Sydney meetings?? in the forum Heads Up! 7 years, 9 months ago
Hi everyone there is a meet up in Sydney CBD this Thursday for anyone interested.
Tony Fleming replied to the topic Stuck…need help in the forum Help Needed! 7 years, 9 months ago
Hi Jad.
Where abouts in regional NSW are you buying that has limitations on LVR?
I would personally try and add value to your current properties to try and create some sweat equity. Maybe have a chat to an investment savvy broker on here so all your options are available to you.
Tony Fleming replied to the topic Wanted Cherie Barber renovating for profit course with trade card in the forum Buy, Swap & Sell 7 years, 10 months ago
Next in line :)
Tony Fleming replied to the topic MENTOR WANTED – Flipping in the forum Help Needed! 7 years, 10 months ago
Hi Jade,
Flipping at the moment can be very risky. Did you want to start with flipping to get enough deposits for your buy and hold properties? Most investors start with buy and hold then move to flipping as their borrowing power dries up.
I’d personally just look at buying undervalued properties with renovation potential. Try and draw out…[Read more]
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