Thanks for the reply Paul
Sounds like a good system creative and sustainable…
I agree positive cashflow, holding and building equity is the way to go but for myself being a novis.. I wanted to generate profits in my own backyard just for my own experience in property transactions and manufactured profits seem to be the quickest way in this market here…
basically
do a few renos then bye and hold…
do a few renos bye and hold…
The bye and holds ideally will be bought in better growth areas and ideally positively geared
Basically just wanted to know if iv missed something? as developing a portfolio of negatively geared property in a very low growth area sounds very slow and didnt make sense to me…
Thanks again
