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 and myself is the purchase price minus the last 3 digits and if the rent is $65 more it should be + cash flow with current interest rates. So for example a $300,000 house renting for $365 would be positive with a 20% deposit. Just makes scanning the hundreds of ads easier.

Just remember you won’t be able to build a strong portfolio without equity so don’t just look for cash flow positive properties.

• This reply was modified 7 years, 4 months ago by  Tony Fleming.

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 timeframe. Are you looking to create a strong passive income in a short timeframe, take a slow and steady approach taking advantage of negative gearing, flipping, renovations etc? Plenty of ways to make money through property but it needs to suit you and your goals. I’d read up on some successful investors strategies and see if any match what you want to achieve and if they are still applicable in the current market.

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.

No problem mate. It’s going to be a great night!

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?

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.

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 equity and move onto the second and then third etc.

Plenty of people out there that could help mentor you. Sites like these are great for information and inspiration. Head to the local library and get as many books as you can.

Best of luck!

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 reach your goals.

A few of us Sydney investors have meet ups in the city. I’ll post details when I have the next date. If you and your partner would be interested in joining us. It’s always good have newbie and plenty of people you can bounce ideas off.

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.

Benny wrote:

Hi Tony, Hmm, your story sounds mighty like another bloke featured elsewhere in here :-https://www.propertyinvesting.com/topic/4410491-the-big-picture-for-new-readers-especially/#post-4697977
Was your story similar? It sounds like it might have been. Where were you investing? I’d love to read your story…. Have you posted it somewhere?

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
http://www.dailymail.co.uk/news/article-3832798/Sydney-investor-Tony-Fleming-owns-14-properties-working-Domino-s-Pizza-ten-years.html