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  • Profile photo of chancelotchancelot
    Participant
    @chancelot
    Join Date: 2007
    Post Count: 2
    January 7, 2007 - 9:11 am

    Hi,

    In terms of a “buy and hold” the 2-3 units vs 1 house strategy itself, you are right it will provide you with a more consistent cash flow. There is a likely chance the cash flow would be better overall as units tend to provide better net yield even after costs (and tax).

    Well selected and/or well bought units can potentially provide equal capital gains to houses in the short term (2-3 years) but are probably more scarce.

    Recommend that you read Steve’s 1st book before you do anything. It helped me heaps!

    Regards
    C

    Profile photo of chancelotchancelot
    Participant
    @chancelot
    Join Date: 2007
    Post Count: 2
    January 7, 2007 - 6:52 am

    Amazing story! I’m inspired considering that I’m the same age. [thumbsupanim] [thumbsupanim] [thumbsupanim]

    You might be able me more than I can help you.
    I’ve about $6000 that I want to commit to property. If you wanted to turn this into $600,000 in 7 years what would your 1st 3 steps be?

    I’m not that novice in tax knowledge but I’m more of a novice in market experience.

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