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  1. RumpledElf

    How to build a 10 property portfolio in 3 – 5 years realistically on $50,000pa.

    Sure, but you'd need both sides of the semi first, in which case you'd be working with a 1400sqm block and you'd probably build 3 or 4 units. I've been watching Whyalla develop for 30 odd years, and I've never, ever, seen only one half of a semi demolished. They always flatten both sides at...
  2. RumpledElf

    How to build a 10 property portfolio in 3 – 5 years realistically on $50,000pa.

    This is where local knowledge helps. Its a semi on a relatively small block. That town has like a billion semis in it. You need both halves to really do anything with them. Its not a development opportunity - its just a cheap house that happens to already have tenants in it. They look quite nice...
  3. RumpledElf

    How to build a 10 property portfolio in 3 – 5 years realistically on $50,000pa.

    Oh, and speaking of cheaper 3br houses in that town, I spotted one for $115k in the local paper rented for $180pw, which sounds like passably decent yield. http://www.realestate.com.au/property-house-sa-whyalla-107191084 Someone reading this thread might be interested in this one, you...
  4. RumpledElf

    How to build a 10 property portfolio in 3 – 5 years realistically on $50,000pa.

    My parents have a house for sale. It is priced well over market in a buyer's market and is an old house with a rather, shall we say, 'colourful' interior and very dated fittings and fixtures. They'll take any price, and despite having a tonne of money lying around, they'd rather it just sell...
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