ACT Positive cash flow

Hey all,
Thanks for taking the time to read the ramblings of a newbie.
Long story short my wife and I are looking at buying a property (probably actually 2 for our goals, need an income of about 40k PA) In a year or two which will primarily be for cash flow however we won’t actually need the cash flow for over a decade.
My plan is to not take any income from the property and hold all income in an offset account then take from it for the deposit on the second and then aggressively pay the properties down.

My question is; I have just bought “0-130 properties” as it was recommended to me as the author is more focused on regional positive cash flow properties, can you recommend other resources on ways to analyse properties?

thanks again,
Dave.

 

Suggest you read a few other australian property and share investment books and look into some other strategies first.

 

If you are after cash flow the pumped on property blog has lots of content mostly relevant to the cheaper end of seq. You might be able to achieve $40k in 10 years with a house and granny flat in Logan without a huge outlay and only a single prop.

 

You will not find those 10% and above yields so easily anymore.

 

Any recommendations?

 

That’s okay, TBH it’s part cash flow and part diversification from my index funds.

 

Mapping out the finance side of things would be a good first step, this will determine exactly what level of income you need in order to keep purchasing property and the timeframe for that. Borrowing power is not as good as it was back when that book was written.

 

The only way I get cash flow properties in Australia is by developing property, finding properties/sites that can be developed ie where I can build 3 properties. It works well in current climate due to low interest rate environment and around $7000 depreciation each property x3. A nice bonus