For that sort of purchase price i dont think you could get anything in Melbourne. I know in geelong you could pick up a 1 bedroom unit for around the 100 mark or cheaper if its a fixerupper. You might have to try a smaller country town with a bit of infrastructure behind it like say bendigo or ballarat.
good luck
Jman[suave2]

Sounds interesting would like to attended next meeting. keep up to date with dates.
Jman

Wow! Thanks guys and girls for your very enlightning comments,
I guess i already knew the obvious answer to the ‘buy renovate and sell (within 12 months)strategy was a no, and your feedback confirmed that for me.
Special thanks to you Ozi
for your advice on the buy, renovate, refinance and use equity strategy (will apply it, currentlly researching…[Read more]