Getting Started

Hi, this is my first time on the forum and I saw your post. I have just had my offer accepted for my very FIRST property and it is very positively geared. I, like you, thought they didn’t exist….but they certainly do. I found Domain.com to have the majority of cash flow positive (pre tax) property listings. The other thing I did was to make myself known to LOTS and LOTS of Real Estate Agents. Some have even posted me things like maps of their areas, stats including population etc etc. The ones that don’t get back to me, well, I still pester those ones just to let them know that I REALLY AM KEEN! So keep positive, and happy hunting. I am now looking for my SECOND!!! how exciting…

Hi terry, research, research, research. Don;t be afraid to go interstate as well. I live in NSW and am in the process of buying 2 units in cairns positively geared. They are around. realestate.com.au is also a good site. Email agents to find out what rent return is expected to be. As them what sort of improvements you could do to increase the rent returns. Sometimes it is as simple as some new curtains or an air conditioner to get another $10 to $15 a week. Be prepared to maybe spend a little more than that tho. One of the properties we are buying we will be spending a couple of thousand on and the real estate said we should be able to get another $40-$60 a week. Ask lots of questions.