Gday everyone, my wife and I are looking for our first IP and our budget limits us to an outside of $150k. We are certainly looking at a buy and hold stratergy with a lot of interest in positive cashflow properties. We have found there to be none located so far in which would return a positive cashflow given that the many properties in this price bracket are older and do not carry with it much depreciation to bring us back over the line i.e. Tassy. Unsure of whether there are viable options out there within this amount or are we better to target a higher bracket through further saving or other??? Could anyone help or guide us as to where we might focus our energies as we are looking for some direction. We have no problem doing the work/due dilligance from then on until we gain a little experience with this.
Are positive cashflow properties a myth at this price and or should we be considering a different stratergy? What would some of you do capped at this amount for starting in IP's. Thank you all in advance for any input as it is very much appreciated.
Kind regards
Rod
Are positive cashflow properties a myth at this price and or should we be considering a different stratergy? What would some of you do capped at this amount for starting in IP's. Thank you all in advance for any input as it is very much appreciated.
Kind regards
Rod