DD wrote:
If I had something that would return 10% II would try and duplicate that as a success story. $160 purchase and $320/wk rent is a flat 10% so depending on strat and management costs you are sounding like it is a winner.

I am off the same thinking but right now if the property is valued at $230k, wouldn’t it make sense to sell and then…[Read more]

Hi maree_bradross.

Yeah the option is there and in fact I did consider purchasing an IP with the equity from the studio but the prices in Sydney at the moment are crazy.

I guess from my perspective, I’m more interested in the buy and sell option and doing it again. At least in the short term until I raise more capital.

The one thing I’m fearful of is not the market booming as I would have already made my profit on the property; it’s that the market might fall and the pricing of the studio at the moment is a…[Read more]