Mattsta wrote

“couldn’t you use a normal landlords insurance policy???”

Actually you can’t use normal landlords insurance if their are seperate leases in the property. This situation happened to us when we bought a student house (with 8 bedrooms.)

@Jason:

You best bet would be to speak to someone who deals in that kind of insurance directly. I…[Read more]

go for a granny flat (if you can get one.) it’s possible to get a decent granny flat completely installed for about 60-70K which you can then rent out for $200+ a week.

it won’t be huge but does that matter? nope

Tracey B said

“Agree with mattsta’s suggestion of borrowing themselves and keeping the cashflow.
There are some great properties all around Australia in the lower price bracket which have nice returns.”

Completely. When making an investment sure it would be nice to buy a property right on the safe strip with a nice bathroom and touched up decor…[Read more]

hmmm 180k and what to do?

Pair up with a friend and but a duplex in a cheaper suburb rent both out on seperate leases to tenants you screen thoroughly and are long term. I did this with a friend and basically the tenants covered the mortgage and stayed for 4 years. I know the market has changed but it allowed me to sleep a lot easier at night…[Read more]

i agree you get what you pay for especially in this area