I have been looking on a website http://www.cashflowcapital.com.au. It lists hundreds of properties which potentially could be positively geared, given the sale price and leasing terms. However, to gain location and info about the properties you must become a gold member which costs $660 per year, and there is a 2% final purchase price charge upon buying the property. I know this is expensive but there seems to be some great deals. Has anyone used this website, or have any information about websites such as this?Looked at the site and their stock quite a few times, but never used them. I did find though that often, by good searching/googling you can find the same (kind of) properties in http://www.realestate.com.au or other sites and the you save yourself 2% commission… most of the stock is pretty standard positive cashflow type anyway e.g. student accommodation (most of what they list is in Sippy Downs, QLD) or homes in mining towns. Most of this you can find yourself. Also when I did some calcs myself I often foudn that their expectation of rental returns was alwasy on the optimistic side, but why wouldn't it be because they're trying to sell you something!!
oh look mommy, a new scam !
Nothing to see here
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