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  • Profile photo of AngelWAAngelWA
    Participant
    @angelwa
    Join Date: 2004
    Post Count: 6
    January 27, 2005 - 11:56 am

    I have been using Homestead Realty, Fannie Bay – 8981 9889 – for around 5 years and they have been great… Jodie Waters is my PM… They charge around 11% but money well spent when my IP has only been empty 4 weeks in the whole 5 years![biggrin]

    Profile photo of AngelWAAngelWA
    Participant
    @angelwa
    Join Date: 2004
    Post Count: 6
    January 7, 2005 - 4:25 am

    Another quick thought on this… My strategy (?) is to buy a couple of these cheapie type properties with the cash deposit that I have saved, pay them down quickly using my salary income to increase the cash return (and equity) in them, and then save for the deposit (and use the equity) for more. I know I will need to see a financial planner about this cause other factors will come into play, but in general is this a good way to go?

    Profile photo of AngelWAAngelWA
    Participant
    @angelwa
    Join Date: 2004
    Post Count: 6
    January 7, 2005 - 3:57 am

    Thanks aussierogue…
    Purchase price is $45K & deposit is 20% & rental is $110/wk. I can afford more deposit (this is about 15K with expenses) but if I keep it at this it leaves me enough for a deposit on another property.
    I am yet to source finance, so I am just presuming that a 20% deposit will be suitable….

Viewing 3 posts - 1 through 3 (of 3 total)