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If you've found a good suburb to invest in the next thing you want to be looking for is the right property within that suburb to maximise your returns as well as get cash flow.

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0:00 - Introduction

0:55 - Finding the right property with growth AND cash flow

2:05 - Cash flow helps you hold the property and achieve long term success

3:23 - Areas you should avoid in a suburb

5:48 - What if you can't afford the best properties in a suburb?

6:24 - How to get into a cash flow neutral or positive position

8:59 - Manufacturing cash flow doesn't have to be difficult

9:55 - Summary of this series

10:30 - Special offer to get you clear on what your next steps need to be

Transcription:

Have you found a good suburb and a good area to invest in? The next thing you want to be looking for is the right property within that suburb to get the maximum returns possible, as well as the right property to deliver you cashflow. So in this episode we're going to look at how you can find that property or how you can generate that cashflow yourself. Hi, I'm Ryan from on-property, helping you achieve financial freedom. And today I'm joined with Ben Everingham from the buyer's agency pumped on property and so really excited to have you here today. Ben. Thanks for four K. let's run. We are working through this series and I hope you guys are loving this content. This should be putting you in a really good position as a first time investor to reduce your risk, to maximize your returns and to help you achieve financial freedom.

So we've already gone through the steps where we've set our strategy in place. We've located the best suburbs that we want to invest in. Now it's about finding that right property for us, the crude property in the suburb that's going to grow more than the other properties as well as the property that can give us that cashflow because often in those good areas, the cash flow doesn't come for free. Does it vent now like unfortunately, the closer you get to the beach, the closer you get to the city, the cashflow can be a bit harder to find sometimes. Yeah, so in something like a country town, often there'll be positive cash flow properties everywhere, especially with low interest rates, so you could just basically buy anything and be positive cashflow, assuming you can rent it. As you get into those more premium pockets of cities.

The rental use tend to be less so it's harder to generate a positive cash flow, so as we said, we want both capital growth and cash flow. That's why we chose the good suburbs because we want that capital growth. Now we've got to work hard to get our cashflow. It's not going to come for free and most investors stop here. They'll just buy any old property within that suburb to get the capital growth that we negatively geared to the hill and then something will go wrong in their life and they'll then have to sell that property and they'll never get the capital growth anyway. So we don't want you to be in that position. So we want you to find a good property that's going to grow with the suburb, but it can also generate that cashflow and put you in a good position. I heard something from the Australian Bureau of stats the other day that shocked me, which was you looking at statistics.

What was I doing? Fifty percent of Australian investors sell their property within the first five years. That's crazy. Now, if it takes, you know, 10, 15, 20 years to create financial freedom, it's just so clear to me now why people don't follow through. So if you've got great cashflow and you've got great growth, the likelihood of selling a property is significantly lower than a property that's performing well from a growth perspective. But it's still costing you two, three, four, 500 bucks a week out of your cashflow.