My 1st post here.

Quite a few from Adelaide here – me too. I am a newbie, just starting looking. I am working but would love to get out of it and start replacing some of my work time with lookign after prioperties, seeking deals, renovating… I would get more satidfaction out of that than my job currently. I have about 75% equity on the place I’m in at the moment, and I have established that I can borrow at least $200k+ (probably closer to 300) based on that.

I considered commercial – but I am not sure as I’m not experienced and don’t know the pitfalls or obligations – yet. Maybe thinking of getting a place cheap (there must be some venors desperate to sell who will consider low offers!), maybe an ugly duckling kind of place that needs work that is mainly in my skill set.

I would love to find CF+ off the shelf but I know it takes a bit of work. I need to start fairly small at this stage due to finances and time.

I did see a commercial property on realestate.com.au that is tenanted at 225pw and is selling for offers over 125k. That’s not *too* far off the 11 second rule, and it’s off the shelf.

Anyway, good luck to you all, and I will get back to researching – maybe get out on the weekend and do some legwork.

PS – what do you Adelaideans think of Elizabeth? It’s touted for capital growth due to the job growth in the area, Northern Expressway, etc. Not sure about its CF+ potential – I may have a look and a think.