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From: Will G
I have read a number of books on IP's and one of the themes that seems to come through is 'buy IP in cities you know'.
I currently live in the ACT and are comfortable buying IP's in the ACT however I feel I am missing out on markets such as Sydney & Melbourne.
Q1:
Under what conditions would you buy an IP in an area you are not familiar/comfortable with ?
Q2:
What level of research should be undertaken before deciding on an area to buy in then buying the IP ?
I have read a number of books on IP's and one of the themes that seems to come through is 'buy IP in cities you know'.
I currently live in the ACT and are comfortable buying IP's in the ACT however I feel I am missing out on markets such as Sydney & Melbourne.
Q1:
Under what conditions would you buy an IP in an area you are not familiar/comfortable with ?
Q2:
What level of research should be undertaken before deciding on an area to buy in then buying the IP ?
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