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  • Profile photo of TommymacTommymac
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    @tommymac
    Join Date: 2016
    Post Count: 4
    December 21, 2016 - 6:12 pm

    I’m potentially moving to the Hunter Valley in the next 12 months and I have been looking online around the Singleton/Cessnock area.

    When you say buy/renovate/hold – does that mean you buy it, renovate it and rent it out positively geared? If you did it this way do you use the mortgage you have on the property and refinance it to reinvest?

    Profile photo of TommymacTommymac
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    @tommymac
    Join Date: 2016
    Post Count: 4
    December 21, 2016 - 12:15 pm

    Hi Corey,

    Thanks a lot for the reply.

    I guess when I said “flip” property I wasn’t really aware of what I was saying.

    I guess the vision I have is buying residential property and renovating to create profit.

    The other vision that I have is to buy cheap land, sub-divide, build cheap units and sell at a profit to re-invest.

    Which of these strategies do you feel is better?

    Tom

    Profile photo of TommymacTommymac
    Participant
    @tommymac
    Join Date: 2016
    Post Count: 4
    December 21, 2016 - 12:07 pm

    Thanks Tony,

    I really appreciate the feedback.

    If you feel that flipping property is risky, do you feel that a buy/hold positively geared strategy can help me achieve my goal?

    Also, what mediums are the best in order to do research for growth suburbs?

    Cheers,

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