An old house on big subdividable block (OHOBSB) sounds great, but be careful because it can have a very nasty sting in the tail. The rent on these places is often very low, the maintenance can be high, and the depreciation non-existant. As a result they can be a really terrible CF drain, just ask me, I own one.
Moral of the story is to take a very careful look at the CF. It may be the case you can hold 2* similairly priced IPs for the same price as 1 of the OHOBSB. Now is the cap gain on a OHOBSB going to be double? hmmmmm
Moral of the story is to take a very careful look at the CF. It may be the case you can hold 2* similairly priced IPs for the same price as 1 of the OHOBSB. Now is the cap gain on a OHOBSB going to be double? hmmmmm
