Positive cashfow

Mate – you need to understand that locations are usually a closely guarded secret by those putting in the effort of finding them. Why would they research and travel then post it on a website full of people looking for those very properties?

In the past these properties have been plentiful in regional cities but as the last boom drove up prices, so the yields dropped.

Investors then flocked to Tasmania, NZ and the US. Some even to Eastern Europe if my sources are correct.

Buying overseas introduces another element of uncertainty and risk but for those prepared to research there seems to be some great deals out there.

Another idea is to use a Buyers Agent who specialises in finding these properties for you. But they also wont tell you locations until you have agreed to engage them I suspect.

Lastly look in your own backyard. You wont see these deals in the paper but what you might see are properties that can have their usage changed to command higher rent.

I renovated a standard home near a major uni from 3 into 5 bedrooms. I rent it by the room and effectively get double the rent as if I rented it as a normal IP. This is now cashflow pos.

I think you should realise by now that this isn’t like the stockmarket where products are listed with yield for you to order over the phone. To reap the rewards you must put in considerable effort. I hope that you have been given enough info to be able to formulate your plan.

If it still hasn’t clicked then do some searches and read all the posts for the last couple of years…

Al lthe best my friend,

Simon Macks
Residential and Commercial Finance Broker
***NODOC @ 7.15% to 70% LVR***
[email protected]
0425 228 985

Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.