Hi all.
I am new to this forum and new to Property investing. In the last 6 months I have attended free seminars (you know the kind!!) and managed to escape with my bank balance intact. I've gone through this forum with its wealth of info and also gone through a few of the bestsellers on PI. I am on a steep learning curve.
I nearly put my money down on a 350k negatively geared apartment in St Kilda area but opted out after reading about the positive cash flow PI.
I would like help of all you fellow forum members on the following questions, which are by no means exhaustive.
A I find that it would be very difficult for newbies like me to get their hands on a positive cashflow property in the present climate. I see from a poll in a separate thread http://www.somersoft.com/forums/showthread.php?t=14014
that over 66% of forum members are investing in capital cities. I guess all these would be negatively geared. Does this mean NG props are not as bad as projected by proponents of pos cash flow PI. I am paying highest marginal Income Tax and so can benefit from tax deductions with NG PI.
B For max capital gain I hear one should buy within 10km of CBD. What are the best suburbs in your view to buy PI today.
C I have been looking at units, townhouses and apartments in low rise bldgs. I know that apartments in high density complexes are bad news for investing. What do you recommend as the best form for PI - units, townhouses or apartments.
D Are there any red alerts for buying off the plan. Can independent evaluation be done for OTP purchase.
E Are there any red alerts for buying through companies like Heritage Financial Group or John Hopkins Group. I appreciate that there is no substitute for doing your own groundwork and am willing to do it.
Apologise for the long post and the list of questions but I just want to be well armed before jumping into the PI arena with a little help from you all.
Great forum. Thanks in advance.
Cheers!!
I am new to this forum and new to Property investing. In the last 6 months I have attended free seminars (you know the kind!!) and managed to escape with my bank balance intact. I've gone through this forum with its wealth of info and also gone through a few of the bestsellers on PI. I am on a steep learning curve.
I nearly put my money down on a 350k negatively geared apartment in St Kilda area but opted out after reading about the positive cash flow PI.
I would like help of all you fellow forum members on the following questions, which are by no means exhaustive.
A I find that it would be very difficult for newbies like me to get their hands on a positive cashflow property in the present climate. I see from a poll in a separate thread http://www.somersoft.com/forums/showthread.php?t=14014
that over 66% of forum members are investing in capital cities. I guess all these would be negatively geared. Does this mean NG props are not as bad as projected by proponents of pos cash flow PI. I am paying highest marginal Income Tax and so can benefit from tax deductions with NG PI.
B For max capital gain I hear one should buy within 10km of CBD. What are the best suburbs in your view to buy PI today.
C I have been looking at units, townhouses and apartments in low rise bldgs. I know that apartments in high density complexes are bad news for investing. What do you recommend as the best form for PI - units, townhouses or apartments.
D Are there any red alerts for buying off the plan. Can independent evaluation be done for OTP purchase.
E Are there any red alerts for buying through companies like Heritage Financial Group or John Hopkins Group. I appreciate that there is no substitute for doing your own groundwork and am willing to do it.
Apologise for the long post and the list of questions but I just want to be well armed before jumping into the PI arena with a little help from you all.
Great forum. Thanks in advance.
Cheers!!