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Then if that's a country you feel confident in investing, go for it !!! Why would you bother investing in Australia, if Hong Kong is better for you? Property is just a tool.The money is what we are all after.

We are in the minority.Most people don't have any rentals, but when they do, they seem to own a few.(about 5-10) I can only speak of 2 towns, as that is what we stick with.They are small towns of about 10-12,000 people. There are few types of investments we don't own yet, but someday i would...

No problem, I was just answering :) Some people, I'm sure, think because our properties are in Canada, we shouldn't be on SS. Considering different possibilities, can span the 2 countries. We are very similar, in many ways.

The title of the thread didn't say it had to be in Australia. All I asked about was a formula, and then answered questions. Making money is never easy. First you need to find the deal, and it is usually something that no one else wants..for whatever reason. This property I mentioned in my...

Yes, it is...but the returns would still be the same for us. This is why we have decided not to invest in Australia..we can make money from day 1 there.

Those opportunities are there if you search them out, and willing to renovate a bit. This is a low price and I'm just waiting for May to look at it in person.If it's gone, there will be another deal. This wouldn't be our first property at this price...or return.

I'm terrible at figuring out returns...so hoping someone could help me..or show me the furmula. I have the opportunity to purchase a 3 bedroom home for $2,900 (twenty nine hundred) and for about $8000 it could be quite livable. After renovation I would be able to rent for $650 month ($7800...

Thank you..I understand this.

I must be having a blonde moment:D I have no idea what you just said.

I disagree. Many times a property will start out as very small CF. It certainly doesn't need to take long for this to turn around. If the property value increases in a short time, of course the gearing will go down, unless you keep accessing the equity.That doesn't make what anyone says...

Absolutley.

I think there are properties everywhere, if you look hard enough, and keep an open mind of how you will market it, that are cf+ from day 1. All of ours are in Canada, are all cf+, even at 100% financed. We live off rents as our only means of income. It can be done.