Hi Cava,
great that yr looking to go for it even when people are saying it cant be done!
I always tell people to start by using whats in yr hand.
So I would start by writing down a list of what you do have ie;resources-time,money,income,serviceability,abilitys etc.
Then search for something that will fit with that.
I would try Australia first I yr search as this will negate some of the OS investing issues .
To give you an idea – I built a lot of my experience in property investing on a very small income ($400 per week)then buying cheap properties $37K-$75K.I still hold some today which cashflow well ,so never let anyone tell you your mad!

Manly West is a great spot but not much under $550-$600k these days unless u can do a bit of Reno ing yrself to add value ??
If u bought a 4 bed 2 bath you could get $550-$600p/w rent in this area and good potential growth .
It’s about 17 kms from CBD so median is close to 680k from memory on this product

Great Terry,awesome help

Great points guys,
yes mermaid and a lot of the direct water side suburbs will always be more sought after due to water and lifestyle .As mentioned any suburb with heaps of land around will take many years to grow consistently(once the land is all but dried up)
Coomera has a stigma too and a lot more rentals than OO’s
The thing is too -there are still some deals around the waterside areas quite reasonably priced too

Hi David
No1 is a possibility but maybe pay less than 350k ??you can potentially get cap growth too this way .
Are u wanting enough cashflow from your no1 cashflow strategy to pay the houses off in 5or6 years from the cashflow alone or will you Inject other funds to help ?
Strategy 2)
$600k house . This would get u closer to the CBD in Brisbane for sure but it would be hard to get neutral or + return

You could go multi unit or commercial possibly too as a consideration?

I just had a look at Yr deals Clyde
How much do u owe on these ?
If u are gonna lose massive selling or you believe it will turn with Adani(good chance the market will turn if adani happens )-
I would keep paying them down to get close to positive cashflow as quick as possible .then once it turns wait for a period of good growth (not too long)then sell .(or use the extra rents to keep paying 1 down if u believe there are long term prospects and sell other ?)
Remember focused mining based areas are always up and down

Hi Guys,
So sorry to hear of yr troubles.
I am not trying to rub salt in the wounds but its a good reminder for all of us to learn to do our own research and due diligence.
There are many many many (property) selling companies that are salespeople who really beleive they are doing their best to help people but unfortunately are still needing time to learn how the markets can sometimes change very quickly and affect values. This is especially exaggerated with new properties as usually they are sold at time premium when compared to older properties in the same areas.They are usually much smaller land content too.
Is there any way you can increase the rent by renting by the room or just furnished or something?Any other creative ways you could change this situation?

Sometimes it can be a mistake from the agent too.
other times some people hate agents and sell too cheap as a result .

Hey guys,Good discussion ,
My take is just keep some good cash buffers and hold strong returning cashflow properties that would hold value ok in a downturn.
Warren Buffetts company is holding from memory 96billion in outright cash atm .This is apparently the highest amount of cash they have ever held.They are thinking that there are some serious possibilities of issues in the world with N Korea,D Trump,Brexit,terrorism etc .This is worth listening to.Then if or when something does happen you can get the deals as most people will be struggling

Hey guys ,
I noticed your discussion on GC-a great area -just stay away from high rise unless its direct water front and watch the fees.
Mermaid Waters is getting great growth and will continue to for a season yet.Coomera has got heaps of supply so in my opionion will not sustain growth as well