From: Always Learning
Dear All
I am an Aussie living in Japan. I have 2 IP in Melbourne, both are cash flow positive and I have now more equity in my IP at 34 years old than the current "reasonable benefits limitation" of super ! I want more IP, but I don't have time/money to fly to Sydney or Melbourne to look each weekend.
From my point of view the market seems too hot to invest in now! My only alternative seems be to "trust" a "buyers agent" to get me a "good deal"? Would anyone care to give me their opinion of how I would measure a "good deal"?
Are there good deals/good value in the market now? Or should I just hold my cash and wait for the downturn? Thus my question is not "If I should invest in IP" but "when to invest in IP?, now or latter?". I seem to remember Jan Somers books recommending not invest when everyone else is investing, i.e. the market is "hot" with wanabee IP investors.
Is it possible in the current market to get $160PW for each $100K of property? Both my existing IP at purchase meet this target, and with great capital gains.
Sorry for so many questions.
Glenn
Dear All
I am an Aussie living in Japan. I have 2 IP in Melbourne, both are cash flow positive and I have now more equity in my IP at 34 years old than the current "reasonable benefits limitation" of super ! I want more IP, but I don't have time/money to fly to Sydney or Melbourne to look each weekend.
From my point of view the market seems too hot to invest in now! My only alternative seems be to "trust" a "buyers agent" to get me a "good deal"? Would anyone care to give me their opinion of how I would measure a "good deal"?
Are there good deals/good value in the market now? Or should I just hold my cash and wait for the downturn? Thus my question is not "If I should invest in IP" but "when to invest in IP?, now or latter?". I seem to remember Jan Somers books recommending not invest when everyone else is investing, i.e. the market is "hot" with wanabee IP investors.
Is it possible in the current market to get $160PW for each $100K of property? Both my existing IP at purchase meet this target, and with great capital gains.
Sorry for so many questions.
Glenn
Last edited by a moderator: