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From: Mike .
home/investment
From: steventh
Date: 1/21/00
Time: 9:57:23 PM
Approx 12 months ago we purchased an investment property in an excellent location near beach etc. with a long term view of living there ourselves in the future by renovating or redeveloping the land. We have since decided that the property is too good of an investment to do the above and should leave it as it is.
We paid $145k and are receiving $205p.w. and have got fantastic tenants. The worst rent will be $185p.w. Our problem is, there is a house for sale 2 doors away from this house that we would like to buy to live in. Does anybody see that as a problem? We do have another investment property in another area and manage both of them ourselves.
THANKS FOR ANY ADVICE.
home/investment
From: steventh
Date: 1/21/00
Time: 9:57:23 PM
Approx 12 months ago we purchased an investment property in an excellent location near beach etc. with a long term view of living there ourselves in the future by renovating or redeveloping the land. We have since decided that the property is too good of an investment to do the above and should leave it as it is.
We paid $145k and are receiving $205p.w. and have got fantastic tenants. The worst rent will be $185p.w. Our problem is, there is a house for sale 2 doors away from this house that we would like to buy to live in. Does anybody see that as a problem? We do have another investment property in another area and manage both of them ourselves.
THANKS FOR ANY ADVICE.
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