Hey guys, new to PI and just want to hear out investor thoughts about buying new or old properties?
Obviously the first question will be, what am i after? Capital or Cash Flow...
I would like to hold a property for as long as possible, so i'm leaning onto Cash flow more than capital, however it wouldn't hurt to obtain both over time...
I'm based in Sydney, so i would like to invest in Sydney unless there are better returns in the regionals...
Now the main question :
1. I can afford 20% of $600K of a brand new apartment (2bed) 10-20km to CBD or should i invest 2x ~$300k property (older units) (Campbelltown?...etc) ?
2. Getting those stage 1 house and land package at Gledswood ($550K)? or $550K low raise apartment (Rosehill, Ermington etc)?
I believe both got its' pro and con, can any experienced investors list them out for me to learn?
Much appreciated!
Obviously the first question will be, what am i after? Capital or Cash Flow...
I would like to hold a property for as long as possible, so i'm leaning onto Cash flow more than capital, however it wouldn't hurt to obtain both over time...
I'm based in Sydney, so i would like to invest in Sydney unless there are better returns in the regionals...
Now the main question :
1. I can afford 20% of $600K of a brand new apartment (2bed) 10-20km to CBD or should i invest 2x ~$300k property (older units) (Campbelltown?...etc) ?
2. Getting those stage 1 house and land package at Gledswood ($550K)? or $550K low raise apartment (Rosehill, Ermington etc)?
I believe both got its' pro and con, can any experienced investors list them out for me to learn?
Much appreciated!
