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Hi Marc
Thanks for the inciteful and quick reply, the apartment cost is $250000 asking price, and as mentioned before the weekly rent is $350 pw….we plan to put a deposit of $10000 and also will be putting in $1200 per month each so $2400 per month which equates to about $28,000 per annum…
but after looking at the figures you pointed out sounds like we will be recieving much less in rental income then i initally used in my calculations…. back to the drawing board,,
by the sounds of it maybe a house around that mark may be a better solution?
Marc , do you have any investment properties that are apartments? or do you mainly deal in house's
i would also be interested in how you started out your journey in investing.. i am always interested in other peoples journeys and experiences and am for ever asking questions , so dont mind me haha
thanks for your time
William