Maximising Rental Profits
Now is the great time ton be thinking about yields and cash flow on your properties. What I am going to do now is run you through a few tips to increase the yield or return that you have on investment properties. This simple little things that once implemented, they can really increase the yield that you get on your property and that is what you should be focusing on.
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Hi Dymphna, Paul & l are looking at purchasing a home in Moranbah QLD. After researching existing homes and being approched by Cash Flow Capital we really like the area and believe we can achieve a positive cash flow return. We have now changed our focus and are looking at purchasing land and building a home or homes ourselves. We believe we can do this cheaper than what a developer is offering through Cash Flow Capital and a new home can attract the depreciation for the 1st 5 years. I am not sure if you remember Paul from the Melbourne Boot Camp, (he is a farmer that is asset rich, more than cash rich). We have just come into some money and have had all our assets revalued. We are hoping that we are heading in the right direction.I know you showed us images of older homes that you had done up and resold and am hoping that building a new home is ok. I realise that we won’t receive any rent back until the project is completed, but local agents in the area say that the big mining companies are happy to pay the higher price if they are newer. Please advise. Kind regards Leanne