quote:

---

I’d love some advice. I’ll give the RE a call and post tomorrow.

Thanks for the input. Cheers

Andrew

---

Hi Andrew

I can fill you in on this property a little – these houses were ex-army (I believe) relocatable houses with carport. There are about 8 all up (2 on each parcel of land) and have been there about 5 years.

As these properties are in a flood zone, finance could be difficult above 80% (Mortgage Insurers are not too keen on flood zones) but Simon or other Mortgage brokers would know if there were ways around this.

The market in Scone is still a HOT sellers market but this property has been on the market for quite a while. Demand for rentals is very strong, at the moment, but +ve cash flow properties are now extremely rare.

My 2 cents worth Andrew is I don’t believe these properties are worth your 7 or 8 hour drive. I believe for your first??? property you can do way better – keep looking.

Take your time and make sure you get your first one right – that is the hardest part, then the rest come very easy after that.

Goodluck

Girlynd