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From: Synth Boy
I've been reading quite a lot on IP and also watched some video's on the stuff (SPANN), but are quite perplexed when they mention getting inner city properties for $200,000.
Sheeks !
Looking around my home city (Melbourne) - you can try starting from $300,000. Thats if you can get close to that mark !
To borrow like 80% for IP and have a positive cash flow - I gotta charge some abnormal rent !
Da question - What am I missing here?
Many thanks
SynthBoy
PS: I apologise to everybody on these sorta posts - I'm learning the trade.
I've been reading quite a lot on IP and also watched some video's on the stuff (SPANN), but are quite perplexed when they mention getting inner city properties for $200,000.
Sheeks !
Looking around my home city (Melbourne) - you can try starting from $300,000. Thats if you can get close to that mark !
To borrow like 80% for IP and have a positive cash flow - I gotta charge some abnormal rent !
Da question - What am I missing here?
Many thanks
SynthBoy
PS: I apologise to everybody on these sorta posts - I'm learning the trade.
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