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From: Mike .
Would love to hear your thoughts...
From: Lisa
Date: 02 Feb 2001
Time: 15:25:20
Hi everyone, I've been lurking in the background for a couple of weeks now, reading all your posts and looking through the archives. As a few people have pointed out - lots of info here!
Hubby & I are looking at purchasing an IP - (our second) and I'd like to hear what you all think of this..... We live in Mackay Nth Qld - not a real capital growth area - I think around 4%). The RE market is in quite a slump at the moment - lots of bargains around. We are currently looking at a block of 4 units - brick, up/downstairs, 2 b'room. Asking price $229k - been on the market a while. Weekly rent is $510. Now, I reckon that's not too shabby!
They are in good condition, need a paint inside but not too much else. In a good area of town, close to beach, CBD, schools, daycare, parks. Nice street, good quality houses and a few more blocks of units.
We are pretty conservative with our investment strategy at present, we're on a very steep learning curve re: IO loans, neg gearing etc etc... I'd love to hear what you all would do in this situation (specially GeeCee - the old conservative one - gotta love that !)
OK everyone, let me have it and thanks in advance. Lisa
Would love to hear your thoughts...
From: Lisa
Date: 02 Feb 2001
Time: 15:25:20
Hi everyone, I've been lurking in the background for a couple of weeks now, reading all your posts and looking through the archives. As a few people have pointed out - lots of info here!
Hubby & I are looking at purchasing an IP - (our second) and I'd like to hear what you all think of this..... We live in Mackay Nth Qld - not a real capital growth area - I think around 4%). The RE market is in quite a slump at the moment - lots of bargains around. We are currently looking at a block of 4 units - brick, up/downstairs, 2 b'room. Asking price $229k - been on the market a while. Weekly rent is $510. Now, I reckon that's not too shabby!
They are in good condition, need a paint inside but not too much else. In a good area of town, close to beach, CBD, schools, daycare, parks. Nice street, good quality houses and a few more blocks of units.
We are pretty conservative with our investment strategy at present, we're on a very steep learning curve re: IO loans, neg gearing etc etc... I'd love to hear what you all would do in this situation (specially GeeCee - the old conservative one - gotta love that !)
OK everyone, let me have it and thanks in advance. Lisa
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