Type of first investment property???

[NOT 2 L8]

4 x 2 x 2 House in Perth northern subs. $275,000 currently $510,000.

All others similar, now negotiating for land for retirement home on K.I.

Cheers

Chrisv.

 

[tigerGT]

Mine was a 2 BR house in sydneys south west. I bought for 350K, paid stamp duty, paid 15K renovations, was on low side, was on housing commision street, borrowed 100%, had easement going through property and had on market for sale for 2 years. I eventually sold it for 315K and lost around 60K in total.
.
I bought without looking at a contract(didnt know what a contract was). I was driving past and just stopped and bid in 2003(PEAK)
.
It was my best investment ever! I learnt so much from it. I know own 2 IP's in sydney(positive geared to the tune of over $800 a month in total) and currently looking for IP3.

 

[Y33]

Couldn't make up my mind between two units so bought both, 3 x 1 and 2 x1.

Next investment was 2 houses at the same time because I preferred one and the wife preferred the other, 4 x 2 with pool (wife), 5 x 2 with spa (me).