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From: Alan Thorburn
Hi everyone.
Ive read lots of books over the past 12 months(Robert Kiyosaki, Jan Somers, Craig Turnbull, Dolf DeRoos and Margaret Lomas) and now Im in need of some help.
Jan Somers talks about buying in the bottom quarter of the market for various reasons that I understand ( Easier to find tenants, better rate of return with 2 100K properties that 1 200K). Robert Kiyosaki and Margaret Lomas talk about positive cashflow properties and treat capital gain as a bonus. Most seem to say to buy in a better than average suburb.
Question One: I live on the Gold Coast and have spent several weeks looking through the paper for positive cashflow properties in Decent areas and cant find One that is producing a positive cashflow before depreciation (Using PIA). Some do after depreciation. Im looking at areas within 5km of the beach like mermaid, broadbeach, labrador, Paradise point. Is it necessary to be in these sorts of areas? To achieve a positive cashflow property seems to mean choosing a low growth area. (My main goal is to be able to stop working for a living hence the positive cashflow) Am I better to negative gear and go for growth?
Hi everyone.
Ive read lots of books over the past 12 months(Robert Kiyosaki, Jan Somers, Craig Turnbull, Dolf DeRoos and Margaret Lomas) and now Im in need of some help.
Jan Somers talks about buying in the bottom quarter of the market for various reasons that I understand ( Easier to find tenants, better rate of return with 2 100K properties that 1 200K). Robert Kiyosaki and Margaret Lomas talk about positive cashflow properties and treat capital gain as a bonus. Most seem to say to buy in a better than average suburb.
Question One: I live on the Gold Coast and have spent several weeks looking through the paper for positive cashflow properties in Decent areas and cant find One that is producing a positive cashflow before depreciation (Using PIA). Some do after depreciation. Im looking at areas within 5km of the beach like mermaid, broadbeach, labrador, Paradise point. Is it necessary to be in these sorts of areas? To achieve a positive cashflow property seems to mean choosing a low growth area. (My main goal is to be able to stop working for a living hence the positive cashflow) Am I better to negative gear and go for growth?
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