Hi Guys,
My neighbour is going to be selling shortly and I'm in a position to pay fair market value for her home.
Whilst I'm not going to suggest any sales methods etc to her I thought I'd have a crack at it if the price is right.
I would look at renting it, with no further plans, at this stage.
The combined land would be a little over 1200sqm and with my neighbour on the other side selling in a few years I thought I might be able to purchase that too when the time is right. That might make things interesting.
So at this stage I'd like to know if having your investment property next door is something you shouldn't do or it makes no difference. Has anyone done this and has it been something they've regretted doing. I will be using a REA to manage the property etc.
Cheers,
Bruce
My neighbour is going to be selling shortly and I'm in a position to pay fair market value for her home.
Whilst I'm not going to suggest any sales methods etc to her I thought I'd have a crack at it if the price is right.
I would look at renting it, with no further plans, at this stage.
The combined land would be a little over 1200sqm and with my neighbour on the other side selling in a few years I thought I might be able to purchase that too when the time is right. That might make things interesting.
So at this stage I'd like to know if having your investment property next door is something you shouldn't do or it makes no difference. Has anyone done this and has it been something they've regretted doing. I will be using a REA to manage the property etc.
Cheers,
Bruce