Hi All
Ok the strategy is chosen at this stage happy to buy investments that are positive cash flow of course there is the benefit that there will be growth in the long term . We have chosen this strategy due to wanting to replace income. Of course this means buying numerous houses with a few maybe combined house and granny flat options. We are happy to do cosmetic reno to add value although it has been pointed out to us from some fellow people on this forum that adding a bedroom, garage or entertainment area might add more value quicker.
I think its always hard to start the process finding that right area we have not spent money on courses etc we have bought some reports to help us buy previous investments. Not sure whether to do a course thinking of Jane Slack Smith Ultimate renovation course or join an online networking group The Property Resource shop with Matt Jones both seem great value and run by great people
Ideally we would like to buy between the 200k to 280k although i am hearing price should not be the focus point we should find the areas that has all the right elements to move forward with growth and great rental return.
Of course this must take a long time to work though all information i suppose this is why we have bought reports mainly from Residex and Hotspotting Terry Ryder as we are time poor I know this must sound like an excuse . We spend quite a bit of time on realestate.com etc
So I suppose I am asking how is it that some of you guys find areas we all know once we have heard about an area on the news etc that we are to late . Western sydney to late everybody is talking about Queensland at the moment which means that prices are probably a bit spiked at the moment
Do others buy reports or do any of you have some simple tips on how you go about choosing an area.
eg go to the back of property magazine and look at rent return house prices etc ,
Thanks for your thoughts ...
Ok the strategy is chosen at this stage happy to buy investments that are positive cash flow of course there is the benefit that there will be growth in the long term . We have chosen this strategy due to wanting to replace income. Of course this means buying numerous houses with a few maybe combined house and granny flat options. We are happy to do cosmetic reno to add value although it has been pointed out to us from some fellow people on this forum that adding a bedroom, garage or entertainment area might add more value quicker.
I think its always hard to start the process finding that right area we have not spent money on courses etc we have bought some reports to help us buy previous investments. Not sure whether to do a course thinking of Jane Slack Smith Ultimate renovation course or join an online networking group The Property Resource shop with Matt Jones both seem great value and run by great people
Ideally we would like to buy between the 200k to 280k although i am hearing price should not be the focus point we should find the areas that has all the right elements to move forward with growth and great rental return.
Of course this must take a long time to work though all information i suppose this is why we have bought reports mainly from Residex and Hotspotting Terry Ryder as we are time poor I know this must sound like an excuse . We spend quite a bit of time on realestate.com etc
So I suppose I am asking how is it that some of you guys find areas we all know once we have heard about an area on the news etc that we are to late . Western sydney to late everybody is talking about Queensland at the moment which means that prices are probably a bit spiked at the moment
Do others buy reports or do any of you have some simple tips on how you go about choosing an area.
eg go to the back of property magazine and look at rent return house prices etc ,
Thanks for your thoughts ...