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Thank for your replys guys, Much app.
I am a little doubtful, on IO lones, maybe its my inexpierience, I know that some good friends of mine have come stuck, on such a loan.
It will however be for a buy and hold property, to be let. I will be consulting some brokers in the coming weeks, in Perth.I do however am only a month or two away fropm owning my unit in Perth, does this change things, it has redcently been valued at 220k
thanks agin,
More ideas would be great alsoJASE
g’day,
I have recently bought off plan, in Dubai. I had heaps of doubt also, but some advice I got was..
Research the developer, ask if they can give you previous customers contacts, or locations and go and knock on their door,
What are some of the exit fees, incase you cant make ithe payments ( just in case)
Check and get in writing all of the fixtures, bencsh tops, taps etc. sometimes they will put in the cheapest things, cause you agreeed to the floor plan, Can you sell before completion?Good luck,
JASE
G’day.
One thing I think is very important, is have a real look into who runs/manages the strata if there is one, if you are passionate aboute property investment, you may find that the strata manager is a burnt out retiree, who doesn’t want to help with making any improvements. then getting things done, can be a long and stressfull situation. I have a place in Tuart hill, it is 73m2 and is going well, I wouldn’t go much smaller than say 70m2 Good Luck!!!JASE
