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Nah; it was never really that good given the purchase cost, the reno cost, body corp etc - the first 2 years of stagnant rents didn't help either. We really only sold it because we were about to move to the USA, and given that the unit was neg geared, we weren't sure how the USA was going to...

Is this the guy? :D

no, both were duds. First one was a brand new town house, paid $395k for it and we were expecting $450 per week rent....sat vacant for 3 months (ouch cashflow) and then could only get $350 per week when it did rent (double ouch cashflow). Sold it after 15 months for $430. Second one was an...

Yes; not a smart thing to do...breaks an accepted rule of engagement. But at the time, it was my strategy to secure a deal for a lower price in a hot market. Calculated risk, you could say.

1. Loaded up the old Mazda Bravo ute with tools, then drove across the Nullabor on my own last year to renovate our IP in W.A. Was away from home for 3 weeks. 2. And; went on hols to Coolangatta for a week a long time ago, and took three Jan Somers books to read while I was there. 3. I guess...