Hi all I just wanted to introduce myself. I recently read Steves book and I am keen to implementing some of his ideas. I too completed an accounting degree at RMIT but I must admit my knowledge on property is limited.
A questions I wanted to put to the forum was about interest rates, it is obviously a lot harder to find positive cash flow properties if interest rates rise. How are others coping with this, are you locking in rates? Can you still find positive cash flow properties? Have you stopped buying properties at the moment? Can the 11 second rule still work in the current climate?
Would appreciate your advice.
Thanks
Brad[biggrin]
These properties are getting harder and harder to find – but people still seem to be finding them!
Many borrowers are locking in their rates as also many are not. There doesn’t appear to be an immediate threat of a rate rise – lets see what this week holds tho!
Rents haven’t risen much recently and I am starting to hear that they are slowly creeping up. It is all supply and demand. Find a property in an area where the vacancy rates are low and you will find one with potential for rental increases.
All the best,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
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