Hi everyone
Ive just finished reading steves book, ive also been reading the forums and i think its great that you guys get on here and share ideas. After finishing the book im very keen to get started on my research. Im just wondering where some of the best resources on the net are for finding cf + properties? [
]Ive looked at domain.com.au and realestate.com.au and they are a good start, but im wondering if you guys have any favourites? Also are there any that tell you median prices and average rents etc? any help would be greatly appreciated.
Cheers
JakeHi Jake
welcome to the forum
you will find that it is increasingly difficult to find these sort of deals. Those site are great but they are often sold soon after or before listing.
i’d suggest work out where you want to buy and then build a really good relationship with the local agents. It is often taking a personal touch to get a deal these days, i find agent are ringing me with deals all the time and often myself or someone else snaps it up even before it even gets advertised.
So work out your market, develop good contacts and then make sure you are ready to buy quickly (as procastinators often miss out especially if it’s a good deal).hope this helps a little, what do others think?
regards westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
Hi Westin
thanks for the response, thats good advice. Ive been reading that its getting more difficult to find these investments and that a few people on here have been looking at rockhampton in queensland. There are a few properties on those sites that i mentioned but none that meet the 11 second rule.
Do you think that the rise in interest rates, and the slowdown in sales will mean that in a year or so there will be more cf+ properties? As i have been reading, the boom in the property market has severly shrunk the market for cf+ IPs.
Cheers
JakeJake,
Check out the ABS site for median prices, population figues etc, they have a free section. I don’t find it user friendly, but if you persist you can find information out about areas you might be considering.
Regards
PKFortune Favours the Bold.
Hi Jake
i tend to think that the interest rate rise will slow down the market and maybe there might be a price reduction. But i don’t think that we will see a major drop. Unfortunately too many people now understand the benifits of Cash Pos (thanks to steve[
!]). i shouldn’t blame steve as the number of properties that were cash positive was deminishing well before his book came out, so i believe that demand will keep prices strongregards westan
I find +ve cashflow deals in New Zealand which I sell to other investors. To be on my database send an e-mail to [email protected]
I specialise in selling cash positive properties in Queensland.
Have a look at my website
http://www.investinginproperty.com.auStudent accommodation and mature aged accommodation are niche markets and offer returns that are cash positive 5% to 8% net return.
If anyone is interested I am happy to email financials
]
!]). i shouldn’t blame steve as the number of properties that were cash positive was deminishing well before his book came out, so i believe that demand will keep prices strong
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