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  • Profile photo of lensfortlensfort
    Member
    @lensfort
    Join Date: 2004
    Post Count: 5
    May 23, 2004 - 5:51 am

    Thanks to all who answered my queries, I suppose in the end it is my decision and as you all are only going on what info I have provided, and that is great to know that there are people out there who are willing to help others in need or give advice, since you probably have all been there and done that !
    It is nice though to get someone else’s opinion who also has the same ideas and dreams. Sometimes it is hard to find someone that you can turn to for an honest opinion, who know what they are talking about on the same subject. [specool]
    I have learnt a lot just reading other peoples ideas in this forum, I think it is one of the best thing I have found on the internet yet!
    Keep up the good work ! I’ll be back for more soon!
    Connie

    Profile photo of lensfortlensfort
    Member
    @lensfort
    Join Date: 2004
    Post Count: 5
    May 22, 2004 - 10:27 am

    Many thanks for your replies
    Yes! I have looked into the employment, industry and other aspects of this town and they are all good, capital growth is in one of the top for the area. Tenancy rates are high and constant, as this town has many surrounding industries.
    Median prices for 2 br units are around 170-180 in not as good condition as this one, which has recently been renovated and is 3br. The only reason I said that it was a nice unit, cause I have been looking at others and it is in better condition than the others we have looked at. If I was a tenant I would certainly pick this one to live in compared to others etc. So, it is not as emotional as it first sounded !
    We had another look today, the agent tell us that it is around 17-19 yrs old. so there may be some benefits with depreciation etc.
    Also it is being sold fully furnished, as that is how it is being rented.
    We are not new to the IP as we have another unit in Qld which is negative geared. We are new to the CF+ strategies though, which I am trying to learn about as much as possible.
    Cashflow positive seems to the way to go, but as you all know it is hard to find the good ones.
    Sorry for the late reply, I have been having PC problems, so had to pull out the laptop to respond.
    Connie

    Profile photo of lensfortlensfort
    Member
    @lensfort
    Join Date: 2004
    Post Count: 5
    March 11, 2004 - 12:56 pm

    Thanks for the input, I actually did a search on him and read some of the opinions others have on Ed Burton, it seems a bit of a mixed bag,
    I am unsure now if I should go to the seminar or not, what do you think? is it worth the time and money?
    cheers
    Lensfort

    LL

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