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Hi Calvin & thanks for your reply.
This is my first investment property and I am going half-half with another member of the family.
As far as rent goes, it is defence housing, so the lease guarantees it for 12 years. The rent is $380 per week.
Being defence housing, I suppose it has the advantage of guaranteeing tenants which takes the hassle of managing the property. Since I am going half-half on the investment, my investment ends up at around $250,000.
As far as my equity goes, I don’t own my own home yet so I don’t have equity (I am 21 and just finished working full-time for over 1 year). I am able to invest this amount of money to due the other investor having equity.
Hope those details help a little..
Anyway, I wanted to know which are seems more worthwhile to invest in. My goal is to have a solid return on investment within 4 years or so.
Thanks.
Ajay