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  • Profile photo of GerryGerry
    Member
    @gerry
    Join Date: 2003
    Post Count: 5
    March 10, 2004 - 9:40 am

    Thanks for the information, the figures I received were a bit of an eye opener, $19000 profit if both apartments are booked 100% of the time at $540 per week (combined). The unit cost is $330000 approx and the repayments on that could be $27000 per year. Depreciation may square it up a bit but you would not want to many empty weeks. Gerry

    Profile photo of GerryGerry
    Member
    @gerry
    Join Date: 2003
    Post Count: 5
    March 10, 2004 - 9:25 am

    Thanks for the info, I am looking into a few different investment options, but it looks like houses with property managers is the most simple realestate investment option. Especially when you live a long way away from your investment property. Thanks again.
    Gerry

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