Hi All,
Im looking to purchase an investment property in Sydney. Ive currently got an existing investment property in Ermington (Parramatta Council) that i purchased in 2003 (not the best investment to date - bought in 03 for around 480, and its probably still worth that much ).
Reading through some of interviews, ive realised ive made the biggest mistake of simply standing still and doing nothing for the last 6 years. I've decided its to put my bum into gear and get started.
Positive cash flow is ideal as i plan to adopt a buy and hold strategy. I know people say there are heaps of properties out there yielding 7%+, but from what i understand these are units, I have a preference towards houses. Reason being is that I hate strata / body corporates, at least with a house i get to spend what i want, when i want.
Any tips would be appreciated.
Thanks
Im looking to purchase an investment property in Sydney. Ive currently got an existing investment property in Ermington (Parramatta Council) that i purchased in 2003 (not the best investment to date - bought in 03 for around 480, and its probably still worth that much ).
Reading through some of interviews, ive realised ive made the biggest mistake of simply standing still and doing nothing for the last 6 years. I've decided its to put my bum into gear and get started.
Positive cash flow is ideal as i plan to adopt a buy and hold strategy. I know people say there are heaps of properties out there yielding 7%+, but from what i understand these are units, I have a preference towards houses. Reason being is that I hate strata / body corporates, at least with a house i get to spend what i want, when i want.
Any tips would be appreciated.
Thanks