Cashflow is King And Queen
"Cashflow is King And Queen of property investment"
Here are our Saturday-Super-Legends (TM) visiting potential and current property deals today, discussing the market and opportunities, sharing ideas and having plenty of laughs.
Today we worked on/visited:
- Potential deals at the early stages of the process - A current trade deal which has just gone unconditional with $33,000 profit after all costs (except tax) - Another trade deal underway with around $35,000 profit -ANOTHER trade deal mid-way through renovation with multiple potential deal angles with around $30,000 profit -A current development property (trade deal), simple '1 into 2' which will create approximately $250,000 net equity - Another property, with renovation now finished where we learned the value of not taking 'no' for an answer and the power of relationships, which resulted in an additional $30,000 profit in under 30 minutes, above what would have already been acceptable.
Not a bad day all in all.
No idea why profit figures in the $30,000's were the winner on the day...Must be a sign or something.
We are also seeing some rental opportunities where gross yields are getting close to 7% again, which we haven't seen for a while. The market is changing and in the immortal words of the Carpenters: "We've only just begun."
Want to learn how to do this? Get in touch with us for a chat.