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From: Deane Caldwell
Hello all!
This is basically my first time using this forum. "What a great set up you all have!"
I am currently looking at purchasing my first investment property which is a block of units 1x2 bed + 4x1 bed and would appreciate some advice.
The weekly return on the investment is 270 pwk, rates are 2400 per year. The price for the building is 85000.
There is an obvious positive gearing opportunity however what are some of the pitfalls. The property is block and is in need of some maintenance and has not grown in value for ten years. This may sound basic but I would appreciate any input.
Thankyou
Hello all!
This is basically my first time using this forum. "What a great set up you all have!"
I am currently looking at purchasing my first investment property which is a block of units 1x2 bed + 4x1 bed and would appreciate some advice.
The weekly return on the investment is 270 pwk, rates are 2400 per year. The price for the building is 85000.
There is an obvious positive gearing opportunity however what are some of the pitfalls. The property is block and is in need of some maintenance and has not grown in value for ten years. This may sound basic but I would appreciate any input.
Thankyou
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