All Topics / General Property / Where r these + cash flow properties

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  • Profile photo of LeanneALeanneA
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    @leannea
    Join Date: 2004
    Post Count: 1
    May 16, 2004 - 7:36 am

    I am wondering where these postive cash flow properties can be found in Queensland? I live in Brisbane. I have searched Realestate.com and cannot find any which fit Steve’s 11 second rule.

    Profile photo of xxxxxx
    Member
    @xxx
    Join Date: 2004
    Post Count: 31
    May 16, 2004 - 8:10 am

    Forget about the “11 second solution” – it’s simply a 10.4% gross yield.

    Capital growth is what increases your wealth.

    Profile photo of Still in SchoolStill in School
    Member
    @still-in-school
    Join Date: 2003
    Post Count: 1,844
    May 16, 2004 - 8:54 am

    Hey XXX,

    rock on brother…

    Capital growth is what increases your wealth

    Cheers,
    sis

    People 4get that by saving just $3 a day & investing it sensibly
    over a working life, you’ll end up with around $1 million

    Profile photo of NRGNRG
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    @nrg
    Join Date: 2004
    Post Count: 23
    May 16, 2004 - 10:38 am

    You’ll probably find it in the sticks; Steve found them in Ballarat. Alternatively, look for duplexes, dual occupancies or multi-occupancy sites.

    Good luck. I’m still looking too and tentatively thinking about NSW rural towns.

    Maybe its best to stick to capital gain using buy and hold techniques. I’ve doubled my money in the past 2.5 years that way, but it will be harder now with the market flattening.

    You need to look at some creative financing (being the bank) or look at possible reno and multi-unit site (eg., home + attached flat).

    Neil
    Canberra

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