My IP has a lot of trees and bushes that I would like to get cleared and maybe do a bit of landscaping to make it a very low maintenance backyard. Lets face it, no tenant likes gardening. I should know, I use to rent once.
Any recommendations of a good landscaper you may have used who a can...
@propertunity - Thanks for that. Come to think I am actually reducing the principle in this case and not the interest component of it.
@buzz. No other debts, that's the only debt I have.
@travelbug - Its funny how one starts seeing something differently when someone else points it out. I...
Regular payments to IO Investment loan
I'm a new to prop investing and I'm thinking about making fortnightly payments to my Interest Only Investment loan to reduce the amount of interest charged on it to a point where I can manage the payments comfortably.
Yes I know you are probably...
It seems to be a one off as i have now done my research and there haven't been any other incidents.
According to other sources, back in 2009 rentals increased by 32% in that suburb....so i guess it depends the people who live there at the time.
A gang came round to the street to revenge on some kid and it ended up being a racial war between 2 groups; obviously the attacked had to protect its own and retaliation escalated.
It hasnt affected the whole area, apparently it only affected the street.
Excuse my ignorance, but where would I check its historical cap growth?
I wouldn't say its a cheap area as such, median house prices=335k according to domain.com.au.
We got it for 310k for a 3x1; current tenants don't look like trouble makers.
So I just found out that area i've bought my IP in is dubbed a bad area because of an incident that happened about 4 yrs ago...on the same street I've put all that money into.
I didn't believe what i was being told until I consulted my good ol buddy Google.
Now it could be that its coz of...