Hi, new to site and PI.
We are currently researching our first PI..., and we have come across a block of 4 units(1x2br, 3x1br) on a large block of land in our price range.
At this stage we have only really considered houses as an investment, so we are unsure of any differences with units.
We weren't considering single units as we have been told that because the land content is small it is not a wise investment, compared to houses..
So whats peoples thoughts on whole blocks of units? Any pitfalls compared to houses???
Sorry if this sounds naive...
Thanks in advance
We are currently researching our first PI..., and we have come across a block of 4 units(1x2br, 3x1br) on a large block of land in our price range.
At this stage we have only really considered houses as an investment, so we are unsure of any differences with units.
We weren't considering single units as we have been told that because the land content is small it is not a wise investment, compared to houses..
So whats peoples thoughts on whole blocks of units? Any pitfalls compared to houses???
Sorry if this sounds naive...
Thanks in advance