I have a few exDOH cheapies in large regional towns in Nsw. All are currently yielding 10pc of the purchase price. But I'm wondering if its time to let them go. 1 of the 3 properties is going fine, long term tenant paying his bills, another had a tenant recently leave with big arrears and I expect the third will become vacant soon as the tenant believes the place is haunted. While each is positively geared, providing the hot water or a heater doesn't blow up, I'm wondering if I could put my energies to better use ie development or just not sweating the small stuff for only 2-3k return each year.
Dunno if its the end of year blues or if the average investor sells off their first couple of cheapies down the track and I've hit that point? Has anyone else sold off their cheapies once their portfolio increased and/or included better properties in the mix?
Dunno if its the end of year blues or if the average investor sells off their first couple of cheapies down the track and I've hit that point? Has anyone else sold off their cheapies once their portfolio increased and/or included better properties in the mix?