New to investing.

Discussion in 'Introductions' started by D@ve, 19th Apr, 2018.

Join Australia's most dynamic and respected property investment community
  1. D@ve

    D@ve Member

    Joined:
    17th Apr, 2018
    Posts:
    6
    Location:
    Brisbane
    Hi all. I'm Dave.

    Pretty new to investing. Already have about 80k equity in place of residence, and looking to buy positively geared IP in next 6 months. Any tips or advice to make that possible would be greatly appreciated.

    Thanks
     
  2. D.T.

    D.T. Specialist Property Manager Business Member

    Joined:
    3rd Jun, 2015
    Posts:
    9,189
    Location:
    Adelaide and Gold Coast
    Hi Dave

    Nice name.

    Where have you been looking so far?
     
    freddy likes this.
  3. D@ve

    D@ve Member

    Joined:
    17th Apr, 2018
    Posts:
    6
    Location:
    Brisbane
     
  4. D@ve

    D@ve Member

    Joined:
    17th Apr, 2018
    Posts:
    6
    Location:
    Brisbane
    Hi DT (Dave).

    I have been looking around the Moreton Bay Area in South East QLD. Kallangur, Redcliffe, Caboolture and the likes. Finding it very hard to find cash flow positive properties.

    Nah I've never considered Adelaide. I'm more familiar with the SE QLD region.
     
  5. Rolf Latham

    Rolf Latham Inciteful (sic) Staff Member Business Plus Member

    Joined:
    14th Jun, 2015
    Posts:
    10,599
    Location:
    Gold Coast (Australia Wide)
    Very little chance of a decent cap growth product in that region to also provide income

    Quality stock typically neg geared by 50 to 100 per week

    ta

    rolf
     
  6. Jamie Moore

    Jamie Moore MORTGAGE BROKER - AUSTRALIA WIDE Business Member

    Joined:
    18th Jun, 2015
    Posts:
    3,977
    Location:
    Canberra, Brisbane and Sunshine Coast
    Welcome aboard :)

    Keep reading up on this forum - there’s a wealth of free/helpful info.

    Cheers

    Jamie
     
  7. D@ve

    D@ve Member

    Joined:
    17th Apr, 2018
    Posts:
    6
    Location:
    Brisbane
    Yeah I'm finding that to be the case.

    Thanks for the reply Rolf!
     
  8. D@ve

    D@ve Member

    Joined:
    17th Apr, 2018
    Posts:
    6
    Location:
    Brisbane
    Thanks Jamie. Will do.
     
  9. Eric Wu

    Eric Wu Well-Known Member Business Member

    Joined:
    8th Oct, 2016
    Posts:
    1,603
    Location:
    Australia
    welcome to PC Dave. kep reading the forum, asking Qs, soon you might find the answers. :)
     
  10. D@ve

    D@ve Member

    Joined:
    17th Apr, 2018
    Posts:
    6
    Location:
    Brisbane
    Thanks for the welcome Eric. :)
     
    Eric Wu likes this.