Hi All,
So I wanted your thoughts on a 1 Bedroom unit in Brisbane CBD around the 300k mark, 3.8k BC but no car park.
2006 Building – looks the goods and it has a study that can fit a single bed. My question is, at renting it out at $520 a week (long term tennants already there) what are the pitfalls of this purchase apart from minimal capital growth.
What are the downfalls of 1 Bedders?
Is the fact that it does not have a car park really an issue?
The rent covers all the expenses and more, why would they be selling it?
Will ring BC re any future works but 3.8k per year is quite low.
Any thoughts would be much appreciated.
Thanks
So I wanted your thoughts on a 1 Bedroom unit in Brisbane CBD around the 300k mark, 3.8k BC but no car park.
2006 Building – looks the goods and it has a study that can fit a single bed. My question is, at renting it out at $520 a week (long term tennants already there) what are the pitfalls of this purchase apart from minimal capital growth.
What are the downfalls of 1 Bedders?
Is the fact that it does not have a car park really an issue?
The rent covers all the expenses and more, why would they be selling it?
Will ring BC re any future works but 3.8k per year is quite low.
Any thoughts would be much appreciated.
Thanks