Hi All
New to the sight and am currently looking at my second investment. Trying hard to find something cash flow positive…
I Know that Steve recommends that the yield should be 2% higher than the interest rate you are paying. Does anyone have any tips on locating property like this? Also will be using equity therefore borrowing 100% so i assume Cash Flow positive will be even harder. Does anyone employ the strategy of starting out negative or neutral and waiting for rental increases to move into the positive?
Also are there any data or realestate websites or subscriptions that are handy for researching trends and growth rates etc that would be worthwhile paying for?
Appreciate any help.
Good luck for 2010
TC
Residex give you half decent statistical information on the past and future expected growth however you need to enter an actual property address to generate the report.
Richard Taylor | Australia's leading private lender
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