Ok I have got a new example and have done it again, securing what one would belive australias cheapest 3 bedroom brick house on 700sqm approx land. 15 miuites to the ocean!
http://www.facebook.com/album.php?aid=166670&id=820929172&l=f937199960
Youtube - will upload in next 24 hours.
Purchase price $8,500
Reno $30,000
Reval/Sale $140-150k
Rent $220pw.
30% yield.
Do I need to say any more? No!
Have a good day
Nathan Birch.
http://www.facebook.com/album.php?aid=166670&id=820929172&l=f937199960
Youtube - will upload in next 24 hours.
Purchase price $8,500
Reno $30,000
Reval/Sale $140-150k
Rent $220pw.
30% yield.
Do I need to say any more? No!
Have a good day
Nathan Birch.