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  • Profile photo of aturneraturner
    Participant
    @aturner
    Join Date: 2011
    Post Count: 3
    June 27, 2011 - 2:12 am

    Boo_Hsst wrote:
    What are you spending $120,000 on if you only have a very small amount of expenses and no rent?

    In your situation,  I would be leaning towards commercial property. 

    Boo_Hsst – Nothing at all. I'm saving everything. Why should I be leaning towards commercial property? Am I not better trying to find my feet with residential first?

    Thanks for your advice.

    Profile photo of aturneraturner
    Participant
    @aturner
    Join Date: 2011
    Post Count: 3
    June 26, 2011 - 2:33 am

    Thanks everyone for your comments.

    Jamie M – I will take your advice and also have a chat with a mortgage broker and any other professionals with knowledege/experience in investment properties before I jump in.

    xdrew – a passive income of 25 – 50k sounds great. I will continue to read and my next book purchase will be on negotiating. Thanks very much for your advice.

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