Something cash flow positive at 9% to 10% interest rates in residential property will be difficult to find unless you are putting down large deposits. Might be able to pull it off if your buying unit blocks in regional areas. I think it will be a very long time before interest rates get that high though.

If you are looking for easy on sell…[Read more]

Hi and welcome Symo.

I would have a chat to a broker to work out your borrowing power. Once you’ve worked that out you can determine if an IP before a PPOR is a viable option. Have you looked at Rentvesting as an option? Apart from that just keep reading/researching, find a mentor who’s strategy suits yours and start putting a plan in place to…[Read more]

Congrats on your first IP. Each State/territory has different contracts and procedures. There are some conveyancers that do multiple states. I’d suggest talking to some investors on the ground in QLD and try and find who they are using and the best way to proceed. Talk to them first before you starting putting offers down.

I haven’t got around…[Read more]

As others have stated low socio economic properties are not something to be afraid off. You have higher tenant demand, better yields, lower entry price and if you pick right can get some steady cashflow and equity. Plenty of good options in Adelaide, Brisbane and regional NSW areas.

Thanks guys. Yeah the comments are an eye opener about how people perceive property investors or people trying to better their lives.

Hi Benny yeah similar story just had a strong savings plan and started buying under value properties, renovating and renting so strong cash flow and equity to just keeping pushing on. I’ve invested mainly in Sydney, Regional NSW and SA at the moment.

My latest media was…[Read more]

Benny has nailed it! The money is still there for emergencies/next deposit in the offset reducing interest plus the LMI is deductible.

1) That is 100% NOT tax deductible! Where did you read that?
2) I was in a similar position savings wise when I first started investing, I was a pizza delivery driver and managed to get 14 properties. The key is to save hard and invest harder, make sure the investment property is below value, create sweat equity and have strong cash flow.

I’d…[Read more]

Before you do anything I’d chat to a broker and a accountant. No point using equity from your house if you have no serviceability to keep moving forward and a accountant will help with bitty gritty tax issues that will arise.

There are other options if you want to make your IP’s positive and keep buying. Are the properties in the best condition…[Read more]

You need council approval for both cabins and shipping containers which can be difficult. A lot of councils don’t like shipping containers and the remaining don’t let them be visible from street view. The main issues are not many tenants would want to stay in a shipping container or the quality of tenant you would attract.

For that effort you…[Read more]

You need council approval for both cabins and shipping containers which can be difficult. A lot of councils don’t like shipping containers and the remaining don’t let them be visible from street view. The main issues are not many tenants would want to stay in a shipping container or the quality of tenant you would attract.

For that effort you…[Read more]

Wouldn’t you rather pay tax on profit than save tax on a negative cash flow asset? As others have said I’d do some more thorough research before proceeding. Good luck with it all.

Excellent I’ll let you know when I have a date.

Just be careful of those towns for investments. Some of them rely heavily on mining and have already seen there day.

That’s right it needs to be heavy on the cash flow. You can do that if it suits your strategy. That’s where a broker can help massively.

Buy/renovate/hold is a strategy I used which helped me build my portfolio. It’s an effective strategy as it creates equity, lowers vacancy rates and boosts rental returns.

If you are looking for growth suburbs its best to look at planned infrastructure, job growth, market trends, past cycles and talking to investors on the ground in the suburb.…[Read more]

Buy/renovate/hold is a strategy I used which helped me build my portfolio. It’s an effective strategy as it creates equity, lowers vacancy rates and boosts rental returns.

If you are looking for growth suburbs its best to look at planned infrastructure, job growth, market trends, past cycles and talking to investors on the ground in the suburb.…[Read more]

Hi Tom and welcome to the forum. So your current plan is to buy residential property and flip it to than buy commercial property as a buy and hold long term strategy?

Flipping residential property is very risky in the current market, so be careful if that is your main plan.

Your best bet would be to see a financial advisor(make sure he is pro…[Read more]

Hi Tom and welcome to the forum. So your current plan is to buy residential property and flip it to than buy commercial property as a buy and hold long term strategy?

Flipping residential property is very risky in the current market, so be careful if that is your main plan.

Your best bet would be to see a financial advisor(make sure he is pro…[Read more]

Hi Tom and welcome to the forum. So your current plan is to buy residential property and flip it to than buy commercial property as a buy and hold long term strategy?

Flipping residential property is very risky in the current market, so be careful if that is your main plan.

Your best bet would be to see a financial advisor(make sure he is pro…[Read more]

Hi Anthony,

There is a western Sydney meet up every second month normally in Rooty Hill. I’ll let you know the date hen its announced.

Thanks Tony