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Good news is I can afford the holding costs whilst living here at mum and dads. So if I were to do this I'd need to do this early in 2014 and have the house completed by the time i move out back to my ppor mid 2015. By spec builder do you mean a special builder where you have to do a lot of...

Hi Marisa Thanks for the encouragement! I appreciate it! :) I agree, there's no harm in organising some meetings hey. I'll do it. I'll also discuss a number of strategies with mb and accountant & we can run through the numbers. From there I can decide what to do. I'll keep an open...

This is what I've been doing the last week here on SS racking my brain trying to think of different strategies for my next one as I realise I can't make the same mistake as the last one which was too ng. Why do you think I'm thinking half empty. Im actually thinking the opposite. I have huge...

Yeah I have decided if I am going to continue investing I will have to buy 2 bed units in the middle or outer ring Perth. Inner ring would be extremely NG Next step is to research 3 -5 suburbs to invest in in the middle / outer ring. A neighbourhood that is not too rough & that has good CG...

wow 60% gee thats low. my 41 sqm I bought is crossed with my ppor so I didnt have a problem with that one as i had them cross col. Maybe i could cross col my next ip and keep all my properties crossed, that would solve that problem but it would cause other problems though. Although Rob was...

Ive been thinking a lot about a number of strategies over the past few weeks and days and I think what i'm going to do is to offer a bunch of low ball offers on units so as to create my instant equity and instant neutral gearing. I'm picking small units because they arn't as NG as larger...

I've been thinking about this and I have a feeling I dont currently have the finances to be able to do this. It would be heavily NG until i'm able to sell off the land and I wouldn't be able to afford the cashflow. This is something I would like to do in the future though sometime, when I can...

Ok thanks for the idea, i'll look into subdivision. Do you think it would be possible on my 60 k salary? At this stage in my investing, I wouldnt be able to afford to subdivide and build but maybe you are right in that I could subdivide and sell the land, keep the house or sell the house too as...

Main goal is neutral cash flow.

The more I think about it the more I realise my personality wouldn't be suited to doing a h & l. It's a long drawn out process & I don't think my nerves would handle it. There is also the long period of holding costs, the risk that the area might not go up in value. Anyway at least I now know. I...

thanks for the info everyone! How about something like this http://www.wahousingcentre.com.au/home-land-packages/home-a-land-packages-search?view=property&id=344&type=hl I'm just a bit worried it would stress me out. But the more I invest the less stressful it would be wouldn't...

I think I'd rather buy something brand new rather than h & l package. H & l sounds too stressful. Do you find it stressful? I'd have to look into what's involved in the process. Do you think a brand new $400 k ip in Mandurah or Wellard could be close to neutral with the depreciation benefits...

Hi Does anyone know where I can find a map that shows the cheapest Perth suburbs? Or does anyone have a list of the cheapest Perth suburbs? I'm after strong yields. neutral/positive cash flow ip I'm thinking of investing in the middle to outer ring Perth suburbs