I admire your courage and your strategy Skater. I don't subscribe to buying soemthing with a large negative cashflow either. I do subscribe though to a slightly negative cashflow, good growth potential, good rent and great tax incentives.
I'm also what you would call a lazy investor, that's why new property suits me. I couldn't be bothered doing quick renos, either myself or hiring tradesmen with a view to a quick sell.
Units can be just as good as houses for long term investment, in fact with our changing demographic (led by Sydney) I agree with Bernard Salt that they will be a better growth prospect than houses in the new future. Time will tell.
I'm also what you would call a lazy investor, that's why new property suits me. I couldn't be bothered doing quick renos, either myself or hiring tradesmen with a view to a quick sell.
Units can be just as good as houses for long term investment, in fact with our changing demographic (led by Sydney) I agree with Bernard Salt that they will be a better growth prospect than houses in the new future. Time will tell.