Hi everyone,
I currently own 3 negativly geared property’s but have recently been informed of the joy’s of positive cashflow property. However i’m having difficulty locating eligable property’s. Can anyone help me with narrowing my search to a specific town or region? this would be much appreciated as i think i’ve emailed every realestate office in the country. help[cigar]Hi Coney,
Why switch when what you are doing works? The “joys” you talk about is greater amount of cashflow due to being “positive” geared. Extra money is always a good thing, but it is not always the best thing long term, if the level of growth in these properties is minimal (and I don’t mean, nil – just in case anyone out there is getting their back up).
+CF properties are very difficult to locate (almost damn near impossible), they area often spread out far and wide, and the condition of some – poor. Depending on where you live, some states have virtually nothing left in the way of +CF properties, and you may need to look to overseas investing i.e. NZ.
Having said that, I am sure there are some in here, that will re-direct you towards finding such properties. But again, at the sound of repeating myself, “if it ain’t broke, why fix it?”
Jo
Coney,
I agree with Monopoly – if it works for you, go for it
There’s no one magic pill in property, many different strategies work. The key ingredient to their success is really the commitment & expertise (meaning how well you research and understand what you’re doing) of the person executing the strategy.
Cheers,
Aceyducey
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