Advice on how I find cashflow positive property
Hi Everyone,
Learning so much from everyone posts.
I'm new to the forum and I?m interested in your feedback on my plans. I am very new to property investing, having only read some books and the internet.
I plan to buy and hold. While I save, I?m trying to refine how I research for property and need your feedback. This is what I am doing to research:
I will then research the council plans, infrastructure, demographics, employment and income, owner occupier %, renters %, opinions on good and bad areas in suburb etc.
If I like what I see I will then go and look for the type of property I think most suits that suburbs for property not on a main road, close to schools, shops, PT etc, find comparable sales data and look to buy below market value.
Should I consider anything else when researching?
What?s the best way to look at 12month/3 yrs/ 5 yrs Growth data if my time frame is longer than 10 years?
Would it be better to consider 5yr Growth instead of 10yr Growth?
Since CF+ property is so hard to find, is it worth considering property with a negative cashflow (if I think the cost is within my means)?
Thanks for your help guys!
Hi Everyone,
Learning so much from everyone posts.
I'm new to the forum and I?m interested in your feedback on my plans. I am very new to property investing, having only read some books and the internet.
I plan to buy and hold. While I save, I?m trying to refine how I research for property and need your feedback. This is what I am doing to research:
Look at suburbs with median price range within 10% above and below my budget - has to be mortgage belt suburbs ? currently can only afford to loan around $300k
Look at 10 year Growth > 6% (I?d be happy to see my property double in 12 years)
Rental yield higher > 5.2%
Vacancy rates below 3%
Estimate cashflow (Preferably CF+ or Neutral)
I will then research the council plans, infrastructure, demographics, employment and income, owner occupier %, renters %, opinions on good and bad areas in suburb etc.
If I like what I see I will then go and look for the type of property I think most suits that suburbs for property not on a main road, close to schools, shops, PT etc, find comparable sales data and look to buy below market value.
Should I consider anything else when researching?
What?s the best way to look at 12month/3 yrs/ 5 yrs Growth data if my time frame is longer than 10 years?
Would it be better to consider 5yr Growth instead of 10yr Growth?
Since CF+ property is so hard to find, is it worth considering property with a negative cashflow (if I think the cost is within my means)?
Thanks for your help guys!
Last edited: