Hey everyone,
I'm looking for my 2nd IP and have found 1 I am quite interested in. I was looing around for a crappy house on a large parcel of land but a 2 bed apartment from a deceased estate has caught my eye.
The apartment is in a complex of about 30 with nice views. It would be cashflow nuetral at worst, at a very reasonable price and I can see some good short - medium term capital gains with an easy cosmetic reno and also the price of the suburb going up.
The problem is that it is a smallish bit of land, large complex and has an elevator. 3 things which usually dissmisses a property from my thinking right away. I'm not to sure what the strata fees are yet.
I'm not to sure if I should continue to pursue it
I'm looking for my 2nd IP and have found 1 I am quite interested in. I was looing around for a crappy house on a large parcel of land but a 2 bed apartment from a deceased estate has caught my eye.
The apartment is in a complex of about 30 with nice views. It would be cashflow nuetral at worst, at a very reasonable price and I can see some good short - medium term capital gains with an easy cosmetic reno and also the price of the suburb going up.
The problem is that it is a smallish bit of land, large complex and has an elevator. 3 things which usually dissmisses a property from my thinking right away. I'm not to sure what the strata fees are yet.
I'm not to sure if I should continue to pursue it