I am just starting out so I am still a bit green. I have good cash deposits ready to put down and I would appreciate some advice from others if they are willing to offer it.
Can any seasoned campaigners offer some advice as to which parts of queensland they believe a new investor would be best suited to start looking in for positive cash flow property ?
Any advice would be greatly appreciated.
Hi Damian and Tam,
I was lucky enough to start investing 9 years ago and have since purchased a number of properties. First I started in my home town, as deals became rarer I looked to various parts of QLD, now I am looking overseas wheter it be USA or NZ. It is very difficult at present (in my opinion) to find cash flow positive property with little money down at present in areas which have a good chance to increase in capital growth. This means you need to be creative in finding ways to make the property return a positive outcome for you. If I had the magic solution I dont know if I would be sharing with everyone at least not for free[biggrin]. My suggestion is to research, research and research. Have a read of Steve McKnights latest book there are a few ideas in there. As for finding well located positive cash flow property just wait cycles come and go. Interest rates will rise and those investors who have not prepared themselves for changing cycles will be caught out, and those investors that are ready and cashed up are waiting for that to occur.Good luck, if I were you, I would just hold off and wait and see what happens, keep the cash handy and be on the lookout for good deals.Martin
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