Hello All,

Thank you for this great forum & heaps of good advice. I am a newbie & am on my way to buy my first investment property this year (hopefully).

I have come across this deal & would like comments/advice from experienced investors in this forum.

Property in regional NSW asking price 95K – A solid 2 bedroom + sleepout home comprising lounge room with gas heating, spacious kitchen incorporating dining, bathroom includes shower over bath & vanity, laundry combines with toilet, ‘L’ shaped verandah, double carport, small easy care allotment. Rates approximately $1000pa, rental expectation is $140 pw. The property sits on NSW Lands Lease and to convert to freehold there is a cost of approximately $2000. Add it all up and you have a great little earner to add to your investment portfolio or even better first investment.

Thanks