Cash Flow Positive Properties
During this time of trying to find properties to purchase it is wise to search for positive cash flow investments. The reason for this is that the lending institutions are still being very tight with their money (not much help to an investor, is it?) so to put in front of them a positive cash flow property you hopefully will have a much greater chance of succeeding.
There are several ways to go about this and one that would save you a lot of time and more than likely give you better and quicker results would be to hire the services of a Buyer’s Agent.
Buyer’s Agent
For those who are unsure what this means, it is an agent who works for you, the buyer, with criteria that you have identified and given to them.
Your criteria would include where to look for properties, how much you want to spend, what return you want on your investment, the type of property (house, unit, duplex, high rise, etc.), whether it is already let or not, the condition of the property and so on.
Working from these criteria, the agent then contacts other agents and searches for you.
There are various remuneration payments, so you would need to discuss this when interviewing the agent. Most have a small upfront fee then commission on successful sourcing of a property and usually you will find that the upfront fee will be taken off the commission if a property is purchased.
Doing your own searches
You could however spend the time and do your own searches through various websites such as:
• http://realestate.com.au
• http://MyHome.com.au
• http://Domain.com.au
• http://HomeHound.com.au
• http://cashflowcapital.com.au.
As well as these sites there are also the franchise sites, like L J Hooker, Raine & Horne, etc.
Filed Under: Property Investment Tips
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