I have never contemplated the idea of purchasing an IP interstate. I now realise that quite a few of the members on this site have so, and seem comfortable with it.
I remember once reading in a Real Estate Investment book that it is always a good idea to purchase your IP's within close proximity to where you reside so you are able to drive past on occassion and see it. I guess it brings comfort knowing it is still standing and in the condition in which you rented it out. lol
Could members that have properties interstate please share with me the pros and cons of owning IP's which are located interstate or overseas (Tas, NZ).
I reside in Melbourne and have recently been looking at areas in Tasmania.
Does anyone have any IP's in Tasmania and what do others think about investing there.
Regards
John
I remember once reading in a Real Estate Investment book that it is always a good idea to purchase your IP's within close proximity to where you reside so you are able to drive past on occassion and see it. I guess it brings comfort knowing it is still standing and in the condition in which you rented it out. lol
Could members that have properties interstate please share with me the pros and cons of owning IP's which are located interstate or overseas (Tas, NZ).
I reside in Melbourne and have recently been looking at areas in Tasmania.
Does anyone have any IP's in Tasmania and what do others think about investing there.
Regards
John