Hey guys,
I stumbled across Investor Assist some time ago, who are the investment side of the Alcock Brown Neaves home builders. I got in touch purely because it has the above name attached to it.
One of the strategies they offer is building a 4x2 home that is split down the middle, with two of everything, creating what is essentially 2 small 2 x1's.
They call this the 'Rent Maximizer' for obvious reasons, and recommend it because its considerably positively geared once its built. Instead of getting $500 per week in rent, you get (or so they say) 2 x $350 per week.
They build houses, and can do the rental management once it is completed.
However, I can't get over the negatives:
- Shared entrance, driveway, backyard etc
- Difficulty managing the water/electricity/gas usage
- Limited number of people who would want to purchase it
- Unattractive to tenants (in my opinion) and thus harder to find and get a decent rent
Does anyone have any experience with doing something like this? So far I am not convinced
Cheers
I stumbled across Investor Assist some time ago, who are the investment side of the Alcock Brown Neaves home builders. I got in touch purely because it has the above name attached to it.
One of the strategies they offer is building a 4x2 home that is split down the middle, with two of everything, creating what is essentially 2 small 2 x1's.
They call this the 'Rent Maximizer' for obvious reasons, and recommend it because its considerably positively geared once its built. Instead of getting $500 per week in rent, you get (or so they say) 2 x $350 per week.
They build houses, and can do the rental management once it is completed.
However, I can't get over the negatives:
- Shared entrance, driveway, backyard etc
- Difficulty managing the water/electricity/gas usage
- Limited number of people who would want to purchase it
- Unattractive to tenants (in my opinion) and thus harder to find and get a decent rent
Does anyone have any experience with doing something like this? So far I am not convinced
Cheers