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  • Profile photo of BrentLBrentL
    Participant
    @brentl
    Join Date: 2013
    Post Count: 4
    May 21, 2013 - 1:10 am

    Terryw, 

    Yeah they are around 30m2 and a lot of the ones that I was looking at were serviced.

    Profile photo of BrentLBrentL
    Participant
    @brentl
    Join Date: 2013
    Post Count: 4
    May 21, 2013 - 12:44 am

    Thanks for that Jamie M :)

    As for the property, I should have specified that I am looking at a student apartment in Brisbane which rents at $270-$300 a week. Without going into all the fees and costs associated too deeply yet it appears that it will be positive cashflow as long as it has a reasonably low vacancy rate

    Profile photo of BrentLBrentL
    Participant
    @brentl
    Join Date: 2013
    Post Count: 4
    May 20, 2013 - 11:32 am

    Also it is worth noting that I am only pointing out the weekly funds I have available as a contingency plan/way to meet the repayments in times of vacancy etc. I plan on investing in a positive cashflow property that should make profits from day one.

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