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From: Mike .
Strategic advice on a worrying situation
From: Michael S
Date: 3/14/00
Time: 11:53:47 AM
Hi everybody
I made a residential property investment just under 5 yrs ago after reading Jan's book. I paid $119,000 for a 3-bedroom townhouse in Logan, Qld. About 18 months ago I learned that its value was about $85,000 and it seems it hasn't changed much from that since. I don't know if I paid too much or the value decreased after sale. Has anyone had a similar experience? What's a good strategy from here on? For info, I bought a second place in Canberra about 4 years ago which is now beginning to slowly increase in value. Would appreciate any advice please.
Strategic advice on a worrying situation
From: Michael S
Date: 3/14/00
Time: 11:53:47 AM
Hi everybody
I made a residential property investment just under 5 yrs ago after reading Jan's book. I paid $119,000 for a 3-bedroom townhouse in Logan, Qld. About 18 months ago I learned that its value was about $85,000 and it seems it hasn't changed much from that since. I don't know if I paid too much or the value decreased after sale. Has anyone had a similar experience? What's a good strategy from here on? For info, I bought a second place in Canberra about 4 years ago which is now beginning to slowly increase in value. Would appreciate any advice please.
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