Curious why someone would buy this:
http://www.irealty.com.au/_r/p.cfm?ci=2375&p=PAD6917867&S=29013992&b=1322656
Rental return of 133 a week, that would have to be net of everything right ? otherwise it doesn't even cover the body corps
Although if that is the true net return, its over 7%, not too shabby.
How much would the bank lend on this ? 60% ?
Not interested in buying it! just thought I would post for discussion as I haven't seen much else like it before.
http://www.irealty.com.au/_r/p.cfm?ci=2375&p=PAD6917867&S=29013992&b=1322656
Rental return of 133 a week, that would have to be net of everything right ? otherwise it doesn't even cover the body corps
Although if that is the true net return, its over 7%, not too shabby.
How much would the bank lend on this ? 60% ?
Not interested in buying it! just thought I would post for discussion as I haven't seen much else like it before.