So where are these positive cashflow properties. I am relatively new to all this. I have a tenant moving into our first IP in regional area of vic (purchased 2 weeks ago for $175k) Rent is $195 pw. We are intending to build 2 3brm units on back in the not to distant future.
Where are the areas of +ve cashflow in Vic? $100k-$150k……..puzzled [hair2]Originally posted by EGA2LRN:So where are these positive cashflow properties. I am relatively new to all this. I have a tenant moving into our first IP in regional area of vic (purchased 2 weeks ago for $175k) Rent is $195 pw. We are intending to build 2 3brm units on back in the not to distant future.
Where are the areas of +ve cashflow in Vic? $100k-$150k……..puzzled [hair2]Try Pluto Saturn and Mars cause aint no one gunna tell you squat on this site!
Actually there is one dude that’s being ever so nice and sharing his good fortune with us concerning +ve stuff albeit the UK lol[blink]
Like Mulder and Scully say “they are out there” )))there((( )))there((( )))there(((
Parden the pun, +ce properties are the same as walking onto a five acre block covered in river stones. One of those stones has a gold nugget underneath it guaranteed, so start turning and you will find the nugget.
Or just wait for the crash of 2006 and pick up plenty[blush2]
We are all made from Stars
I’d forget about searching high and low for CF+ and continue down your current path of buying existing property on large parcels of land and sub-dividing. I think you will do much better in the long run that way.
A.
Salubrious
I love it! Cutting sarcasm with a serious message. [thumbsupanim]
Wez.
the elusive cashflow is interstate and overseas oh great latecomer to the wonderous world of investing. They hide their bushells in paces good people fear to tread. Those bounteous lands that have slight speach impediments and large opinions……WA and NZ. Cheap airfares though!!!!
Dont be alarmed you are not alone. Many have failed to catch this wave. Another in your state coming soon. Maybe 2008-2012.Shhhhh lets catch it.
DD[fear]
Don’t sweat the small stuff,and it’s all small stuff!!
Do a search, check out posts from Westan and Kay Henry, Minimogul, you should find some hints here.
Originally posted by EGA2LRN:So where are these positive cashflow properties. I am relatively new to all this. I have a tenant moving into our first IP in regional area of vic (purchased 2 weeks ago for $175k) Rent is $195 pw. We are intending to build 2 3brm units on back in the not to distant future.
Where are the areas of +ve cashflow in Vic? $100k-$150k……..puzzled [hair2]In Victoria?????????????……….[laugh4][laugh4][laugh4][laugh4]
And for that price???????????
Good luck!!!!!!!!!!Jo
A bit harsh monopoly, at least I gave some hints.
[biggrin]
DD
Don’t sweat the small stuff,and it’s all small stuff!!
Goodness me they’re not that hard to find…
Trick is wadda you gonna do when you find one Strategy,Strategy,Strategy [grad]SF
hi guys
you can still find properties that are 100-150k easily in Victoria. But as far as cash positive goes not really.
Horsham for instance you can buy ex commission homes for 95k and rent at 155pw
Stawell about 75k and 125 pw
the La trobe Valley 95 for 135pwSo not cash positive but about as close as you can get in Victoria without buying in the middle of the Mallee.
regards westan
haha, i would love a $1 for everytime this topic has been created, i would be gaining on millionaire status very quickly. Its all about research.. good luck with your investing
Cheers Matt
“If you do what you have always done, you will get what you have always had.”
“Isn’t it time for a change?”
You must be logged in to reply to this topic. If you don't have an account, you can register here.
