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  1. #1
    Join Date
    May 2007
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    Hamilton
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    3,613

    Default Watch this before buying a renal - the property investor you don't want to be

    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  2. #2
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,613

    Default

    This video has had over 2000 views over the weekend on our facebook page. If you are looking at buying a rental, or looking to encourage your friends or family into property, it would be worth a watch!

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  3. #3
    Join Date
    Sep 2017
    Posts
    193

    Default

    Rosco I don't understand one thing. You say no cash flow no good but when property increase in value so fast does it really matter about cash flow?

  4. #4
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,613

    Default

    Quote Originally Posted by fuzzlevalve View Post
    Rosco I don't understand one thing. You say no cash flow no good but when property increase in value so fast does it really matter about cash flow?
    What happens if properties don't increase in value for the next 5-7 years? What happens if they go down in value?

    Also if you buy negative cashflow properties, generally you have issues with servicing and getting more loans (more properties). I have just recently seen two or three posts like this on forums. This is an issue for them, even though property has jumped in value over the last few years.

    Bad cashflow can be OK if you have a plan to change it within say 5 years. Twist, inheritance, paying down large debt etc

    Ross
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.

  5. #5
    Join Date
    Sep 2017
    Posts
    193

    Default

    OK thank you. When I look at history in Auckland prices going up decade after decade. But I understand now.

  6. #6
    Join Date
    May 2007
    Location
    Hamilton
    Posts
    3,613

    Default

    Lots of people make lots from capital gain. But also lots lose lots of money from capital losses too!
    More Profit from Property? TEACH ME MORE
    Ross Barnett - Coombe Smith Property Accountants
    Proud to give the best property advice for over 13 years.


 

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