quote:

---

I continue to hear that the property boom is about to bust… I’m looking at buying an IP (cost 120k rent about 220k) but in the back of my mind, I keep hear STOP the bubble is about to BUST!

---

Hi Bluebear

Just get going mate – make sure the numbers are right. You will definitely make money, if not in 2 years maybe in 4 years but the wealth will be there…Make sure you have some spare cash in case your property doesn’t get tenant for a few weeks or for urgent repairs.

B.T.W – may I ask where are you planning to buy this property. A return on $220 p.w on $120 K seems really good..Hope you will be able to share the info with the forum members.

Regards
Gary