Hey guys, my first post on here, so far I have read a lot of interesting information so thank you.
I am looking to buy my first PI in Brisbane. I would eventually like to buy two houses (minimum 3 bedrooms 15km to 25km from CBD) and do some kind of renovations like bathroom, kitchen, floor, etc. My idea is do part of the job myself and look for a professional just to install the new kitchen/bathroom.
We have about $100,000 for a deposit and our monthly salary is 16000aud together. I am an IT contractor and my wife is a nurse.
What would you recommend as the best way to start?
I am thinking of purchasing a first house (around 300k - 350k) and a second one (around 250k -300k) and refresh both of them and after rent. My expectation is rent both houses for approximate $300-$350 p/w each house. Around $600-$700 weekly.
Does this sound feasible?
I am open to all ideas and suggestions!!!
Thanks you in advance.
I am looking to buy my first PI in Brisbane. I would eventually like to buy two houses (minimum 3 bedrooms 15km to 25km from CBD) and do some kind of renovations like bathroom, kitchen, floor, etc. My idea is do part of the job myself and look for a professional just to install the new kitchen/bathroom.
We have about $100,000 for a deposit and our monthly salary is 16000aud together. I am an IT contractor and my wife is a nurse.
What would you recommend as the best way to start?
I am thinking of purchasing a first house (around 300k - 350k) and a second one (around 250k -300k) and refresh both of them and after rent. My expectation is rent both houses for approximate $300-$350 p/w each house. Around $600-$700 weekly.
Does this sound feasible?
I am open to all ideas and suggestions!!!
Thanks you in advance.