Just to throw in something we’ve learnt slong the way – some lenders will only lend 65% in rural locations so check this out before making any offers.
You’ll find something. We looked and looked for months which is frustrating at times when you are new and eager to get going. The challenge is worth it when you find your first property though.
[] Diane
Thanks, Mel and Mel ( we have a daughter-in-law Mel too ) We appreciate your advise. Yes we’re going to do the clean-up and painting ourselves and it’s a great idea to try and organise getting in before settlement. We’ve done the Buyer Beware templates and are enjoying all the things we keep learning along the way.
Hi Rocket from another newbie! Try going to Web Links on the left of the screen, and then scroll down to Sooshies Links, I enjoyed following threads there. Have fun[]
Hi Everyone,
Re “returns”, we are looking at a property for $44,000 which will return $140 week, from the calculations above this equates to 16.5% if I’ve done it correctly. However we need to spend a couple of weeks and a few thousand to get it to a rentable condition!
Do we add this to the purchase price?
Thanks, Everdine