Are you eligible to buy?
Elizabeth Downs -Hot lead for low cost Mortgagee Sale
- Thread starter Stangman
- Start date
Are you eligible to buy?
Settled on this yesterday so this is IP 2 for me
http://www.realestate.com.au/property-house-sa-munno+para+west-117712635
http://www.realestate.com.au/property-house-sa-munno+para+west-117712635
Not your typical Elizabeth property!
I've got three under contract at the moment, ranging from $142k to $145k.
I wanted something I would be happy to fall back on and live in if absolutely necessary. The rent return is great too and I am confident we got it for under market value (paid under the listed price).
320 per week, we paid 267.
My other ip is in Perth
My other ip is in Perth
He's mentioned some earlier in the thread - they were semis :/
Interesting . Thank you. Any reason why you bought those semis ? Do you own the next door ?
No idea looking at it on Friday, big enough judging by photos which I know are deceptive and still waiting on original plans - suspect about 200 squares.
I'm buying for the return and will buy the other side when it comes onto the market.
My secret broker tools tells me 165sqm. Doesn't specify whether this includes/excludes driveway however.
What return do you get?
The block is around 400 less easements and the house fills most of it at the back end. You are probably right the tenants have plenty of room as you can see from the photos. I think it was a good buy , my other ip is subdividable (going through rezoning) in WA.
I prefer buying cheaper property but not in the same area my view is less risk and more potential for upside in the long run.
Just over 8.1%.
