I have started the search for my next ip, I have just been spending time visiting open houses of all sizes and locations to try and educate myself on what is around and what is good value ect. I have a pretty clear idea on what I want and have come across an "investment package" which seems to be a package that is put together by a real estate agent, Builders and NAB. This "package" appears to have all inclusions and it states that on completion that it is ready to be rented out with nothing else needed. I realise there is probably a massive markup on the actual cost...
So this got me thinking about building in the area that I wish to buy -yes there is land available. I have no experience with this at all so would love any opinions, old threads or general feedback on any of the above. I have tried searching but i can't make it bring up any info on what I want.
We are looking at buying 2 investment properties in the next 6 months or so, so another idea we had was to build one and buy an already established house as a learning experience. Maybe thats a bit premature and we should just concentrate on one thing to start off with, as in just buying already built houses?
Another deal I have come across was buying a display home then renting it back to the builder for a few years. can't think of what this is called. - Is this something to steer clear of?
Would love to hear of any pros and cons. I guess I am concerned of hidden costs, no experience on building or know anyone else that has so no one to throw back ideas to if something got messy.
So this got me thinking about building in the area that I wish to buy -yes there is land available. I have no experience with this at all so would love any opinions, old threads or general feedback on any of the above. I have tried searching but i can't make it bring up any info on what I want.
We are looking at buying 2 investment properties in the next 6 months or so, so another idea we had was to build one and buy an already established house as a learning experience. Maybe thats a bit premature and we should just concentrate on one thing to start off with, as in just buying already built houses?
Another deal I have come across was buying a display home then renting it back to the builder for a few years. can't think of what this is called. - Is this something to steer clear of?
Would love to hear of any pros and cons. I guess I am concerned of hidden costs, no experience on building or know anyone else that has so no one to throw back ideas to if something got messy.