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From: Sally Watts
Hi All,
I have just been introduced to this fantastic forum and spent hours reading the wisdom!
I am a first time property investor, but have been reading, attending seminars and researching for just under a year. I have looked into how much I can borrow, assembled my mortgage broker, accountant and solicitor in waiting. Now I have to start.
Ideally, I need to find cashflow positive property and would like a fairly decent capital growth position. Am I asking too much in Sydney? It has seemed so from my time out in the market.
Who else has invested, or rather is investing, in Sydney and have you managed to achieve capital gain and positive cashflow.
I have been thinking that my strategy should be to follow Geoff1's advice of buying wholesale, renovating(cosmetically) and holding.
I am in a unique position because I have 160k in capital to invest, but have a low income as I am starting a business and only working part time. So negative gearing is not an option (and is not something I am in favour of any way).
Any advice from those who are conquering Sydney would be greatly appreciated.
Regards,
Sally
Hi All,
I have just been introduced to this fantastic forum and spent hours reading the wisdom!
I am a first time property investor, but have been reading, attending seminars and researching for just under a year. I have looked into how much I can borrow, assembled my mortgage broker, accountant and solicitor in waiting. Now I have to start.
Ideally, I need to find cashflow positive property and would like a fairly decent capital growth position. Am I asking too much in Sydney? It has seemed so from my time out in the market.
Who else has invested, or rather is investing, in Sydney and have you managed to achieve capital gain and positive cashflow.
I have been thinking that my strategy should be to follow Geoff1's advice of buying wholesale, renovating(cosmetically) and holding.
I am in a unique position because I have 160k in capital to invest, but have a low income as I am starting a business and only working part time. So negative gearing is not an option (and is not something I am in favour of any way).
Any advice from those who are conquering Sydney would be greatly appreciated.
Regards,
Sally
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