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No, make that two pools. And a tennis court :rolleyes:

It is after interest and the equivalent of the principal. We don't have problems with cash flow per se and have a good savings history, it's just that our income isn't the highest so we want to find properties that are CF+ at least in regards to repayments, in order to maximise our...

I don't do any complex calculations or anything like that. Just whether the rent covers the mortgage repayments on a principal and interest basis (95% lend). I am willing to pay for the renos but 30k seems a little too much. I offered 15k more and would have been willing to go up to 20k or...

Thanks for your replies. I realise there will be other costs but to me it's great that it effectively pays for itself. Also, after P&I repayments and management fees, there is about $850 remaining after a year so that could pay for the insurance too. So really just council/water rates and...

Thanks for your replies. I'm tempted to go for it but I am trying to be a bit cautious as well since it will be our 1st IP

I have found something within our price range (and CF+) that I'm pretty happy with but there's one issue. The vendor purchased it two months ago, did some renos and now wants to sell it for 30k more than what they paid. They did a new paint job inside and out, fixed up the flooring, some new...

Thanks for your replies. That's pretty much what I've been doing. I'm looking for places that can be improved but don't need anything major immediately. I've found a few that look interesting but will need to investigate further.

Thanks Lil Skater. I wasn't aware of the 7 day free trial, I will have a look at that now. We would like to avoid anything that needs immediate renovations for now as my husband and I are both studying and working so we don't have too much spare time atm. Maybe in two years or so. I'm not...

Hello, I've been doing some research and I'm having trouble finding properties in NSW under/around 200k that are cashflow positive or at least neutral with reasonable CG prospects. The best I've been able to find are properties where the rent would be about $20-30 short of paying the P&I...