...trying to convince my parents to buy anything.
i think they like the idea of being an investor, but they just don't have the balls to put money on the table.
had a GREAT set of units designed, a stone throw from a new trainstation in an areas with a shortgae of good rental stock. brand new 3x2DG and after ITWV and depreciation they were CF+ by about $20 a week with definite rent increases coming for the whole area.
good area for CG too - best of bost worlds.
dad didn't like the shape of the lot and thought the "look of the house isn't something i'd live in". it's in perfect keeping with the surrounding homes and the lot shape is the reason it's so cheap.
think worst house, best street, but still brand new.
did he take it? "nah...not this time".
so that's it - i give up. i'm going to outright refuse to talk to him about his real estate dreamings and he can cop it sweet at preservation age (3 years away) when he tries to draw on his non-existent super.
some people have to learn the hard way, unfortunately, my parents are some of those people.
i think they like the idea of being an investor, but they just don't have the balls to put money on the table.
had a GREAT set of units designed, a stone throw from a new trainstation in an areas with a shortgae of good rental stock. brand new 3x2DG and after ITWV and depreciation they were CF+ by about $20 a week with definite rent increases coming for the whole area.
good area for CG too - best of bost worlds.
dad didn't like the shape of the lot and thought the "look of the house isn't something i'd live in". it's in perfect keeping with the surrounding homes and the lot shape is the reason it's so cheap.
think worst house, best street, but still brand new.
did he take it? "nah...not this time".
so that's it - i give up. i'm going to outright refuse to talk to him about his real estate dreamings and he can cop it sweet at preservation age (3 years away) when he tries to draw on his non-existent super.
some people have to learn the hard way, unfortunately, my parents are some of those people.