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Thanks CD I really appreciate your response.
Frank
Am I missing something here? Everybody wants to be right. It’s a piddling amount. Why are you worried about an air conditioner coming into winter when, if you are only on rent back to allow time to build your dream home, you won’t be there for many months.
I am at a loss. I am a newbie and live in the Newcastle area of NSW. The average ‘cheapie’ in this area seems to be of the order of $250k which attracts a rent of about $240-$250 per week. Those numbers would seem to be a zillion miles away from the +cashflow that is the mantra on this site. Where the hell are you guys finding deals in the current market which even get close without buying in the back end of the black stump???
Frank
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