Hi Everyone,
Long time no chat. Have been away from the forum for a while
Here’s an interesting question for you all.
Do you/or would you own Investment Property with a buying price of under $100,000 ?
A question that was raised in a conversation I had yesterday. I guess I would if it fitted into my investment plan.
Would you?
Cheers
Mick
Welcome back Mick.
-Yes, I have some (under) $100,000 IP's.
-I also have some newly constructed IP's.
-I invest in regional cities, (Victoria).
-I have, (what I consider),
both solid rental returns and averaged capital growth, so I don't find my investing has meant it all mutually exclusive...(low purchase price IP's/good rental returns and growth). Around the one third of Victoria's population lives in regional Victoria. Not everyone wants or chooses to live in metro areas. (Melbourne and suburbs).
-I also have bought/built well. I buy well, at what I consider to be good value.
-Having some $100,000'ers in a portfolio, (ie meaning mine), can simply be; buying well, loan affordability (at times), and a means to an end. Two of the places are side by side, will become a unit site. Some of the "$100,000ers" we manage, some are managed by PM's...@ 6%.
-
Balance.
The portfolio of property (land and houses) will hold me in good stead for leap frogging into other realms of investing.
Purchasing a few under $100,000ers (remember, buying well),is adding to my swag of appreciating assets, without ripping the guts out of my cashflow.
Balance.
Small fish are sweet, in balance. And it's all fun.
It's working for me.