Hi All,
I am a newbie to PI and am grateful for any guidance anyone can provide me.
I am currently looking at purchasing a block of land in Broken Hill, NSW to progressively build houses on it to rent out for positive cash flow.
I was attracted to Broken Hill due to it's affordable land price and rental.
After 2 months of research, I am beginning to doubt myself and beginning to question my decision to build in Broken Hill due to it regional location and the extra building cost I have to factor in.
I have till Monday to pull if I still wish.
The land I am purchasing is 1000 square metre and it is situated in Broken Hill CBD.
What does people think of this idea?
Is it crazy to put my money here, knowing the mining is at a downward spiral and the only hope is natural gas and solar farming.
I am a newbie to PI and am grateful for any guidance anyone can provide me.
I am currently looking at purchasing a block of land in Broken Hill, NSW to progressively build houses on it to rent out for positive cash flow.
I was attracted to Broken Hill due to it's affordable land price and rental.
After 2 months of research, I am beginning to doubt myself and beginning to question my decision to build in Broken Hill due to it regional location and the extra building cost I have to factor in.
I have till Monday to pull if I still wish.
The land I am purchasing is 1000 square metre and it is situated in Broken Hill CBD.
What does people think of this idea?
Is it crazy to put my money here, knowing the mining is at a downward spiral and the only hope is natural gas and solar farming.