Thanks Richard,

That’s exactly the type of response we were searching for, from someone who’s had to make those kind of decisions.

Another question to yourself or other fellow investors ;

Do you often say sell a couple of the units to reduce your exposure to that one building and also inject some ‘new blood’ into the building and body…[Read more]

Globe,

sounds like you already have the answer, where you say

“until he mentioned that it wasn’t possible for him to do it because of council regulations”

one question – don’t council make the rules regarding occupancy / use of dwellings?

cheers
Eastcoast

Hey Bill,

Good to hear 2007 will herald the start of your journey…..

Having bought several properties over the years, the advise i received prior to my first purchase still rings true.

A trusted mentor said something to me along the lines of:

Remember, land appreciates and buildings depreciate – so buy a property with a high proportion of…[Read more]