Hi All,
I found one property with 7 bed room (Convert old 3 bed house to 7) , 3 toilets and 640SQM block of land (20M x 30M ) in closer to Dandenong, Melbourne.
On average total out goings per month comes to about $500
Total Rent receive per month comes to $4600.
All rooms are currently occupied. And charge $20 per month extra for giving the internet connection as well.
All the rooms are given out on month to month contract and they should give at least one months notice if they wish to vacate their rooms.
Currant owner doing this privately.
This property is asking $465K is there any risk that buying this sort of property?
MI
I found one property with 7 bed room (Convert old 3 bed house to 7) , 3 toilets and 640SQM block of land (20M x 30M ) in closer to Dandenong, Melbourne.
On average total out goings per month comes to about $500
Total Rent receive per month comes to $4600.
All rooms are currently occupied. And charge $20 per month extra for giving the internet connection as well.
All the rooms are given out on month to month contract and they should give at least one months notice if they wish to vacate their rooms.
Currant owner doing this privately.
This property is asking $465K is there any risk that buying this sort of property?
MI