Hi there,
I am new to this forum and very new to investing. I'm thinking about investing in property – my daughter and family need a place to rent in Coffs Harbour and, as we own our house, we are considering buying a place which she can rent for a couple of years, then we will keep it for a rental property.Do I buy a house or an apartment – body corporate fees verses extra maintenance on a house. Do I buy in the best locations in Coffs – eg the Jetty area – or do I look at something in a less popular area. Obviously I would like something that would increase in value, is relatively new to avoid maintenance – but is this the best strategy?
Any advice is appreciated.
HI if your new to in Property investing stick to the basics .
-buy price is top priority keep it simple and just buy a house on a section stay away from apartments …
-remember worst house best street……
-the more written offers out their the better I always use the Due diligence clause in my offers (easy to get out) (If not cancled it is still a live offer)
– Buy a property where you say pay 300k and get 600pw rent that way it is roughly pasitive cashflow.Brad
Hi Brad, I am interested to hear your thoughts on townhouses and units (villas) as opposed to apartments…
Jacqui Middleton | Middleton Buyers Advocates
http://www.middletonbuyersadvocates.com.au
Email Me | Phone MeVIC Buyers' Agents for investors, home buyers & SMSFs.
Thanks Brad, I am going to look at a few houses in the $300-$370K price range. Also there is a unit at the Jetty – but pricey at $470K. Think there may end up being a glut of units at the Jetty as there is a lot of building going on.
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