Forum Replies Created
Hi Braveheart,
I can truly sympathise with you as I too am in a similar situation. My husband and I purchased a 2 bed unit in Hurstville in 2001 for 337k and have had it on the market for the past 6months and the best offer so far has been 308k. The unit is rented for $300 per week, yet this comes nowhere near the covering the mortgage repayments or strata fees which are almost 4k per annum. I would also love to sell yet can’t stand the thought of losing so much money. I am finding it a very difficult decision as to whether to continue financing this property or to sell and cut my losses. Sorry I haven’t offered any help but I guess it is reassuring to know that you’re not the only one wanting to sell a dud -ve geared property.Good luck Braveheart,
LisaLisa,
I went to an investors club meeting nearly 2 years ago and was very impressed by what they had to say and how they were out to help the investor.I bought an IP through them in Dec03 which has increased in value by approx 50%.I found them to be extremely helpful w/out being pushy.They assist with everything from the purchase right through to tennants and PM.Good luck with it all
Lisa D
