Forum Replies Created
It is worthwhile to have a ‘safety net’ in my case it is a line of credit that can be drawn on used in these situations. I would think that usually it would be for a short time, i.e. how many of the properties out of the portfolio will not be rented for a year. Therefore you just need something to bridge the gap if required.
As all the properties have a +ve cashflow it would probably not be required, as the cashflow would cover most of it.
There is nothing like have a backup plan incase things get pear shaped
YEah thanks for that madeinoz. I have heard the saem thing from the Withers Headmaster. I am applying for a job at that school and his enrolments have dropped from 450-310 students because homeswest has moved out.Oh well, I think we shall just have to wait out the 130 days till we get home… Can’t wait.
Cheers again.
Steph Cremin.Here for a good time not a long time, just do it!.
small world, my wife just finished some teaching there
goodluck
I’m live down in bunbury currently.
Withers and (s)Carey park are the most likely to get a +ve geared property, however they are few and far between. We have been on the lookout for some time ourselves, and have a couple of agents on the lookout for us. They do get snapped up pretty quick. I think you have to be there at teh right time
Withers possibly has the best potential being a large state housing suburb, you are most likely to get the cheaper properties there.
Carey park has had a re-vamp by the Pindan group over the last couple of years and has really increased the value of property in these areas ( over +100K) where as before there was a great potential to get them for around 60-70K,
I’ve heard on the grapevine that the same is to happen to withers, therefore there is potential for some CG as well.
