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If you do it right with property, you don’t need any other kind of investment. Nothing gives the returns like intelligent property investment.
Funds generally invest in shares and the like. Having lost money in shares and futures when all the fundamentals were in my favour, I am so glad I found out about property investing. There’s a lot more that can be said, but basically if you buy positive cashflow property in areas of at least moderate civilization with strong rental demand you should be fine. Its very low risk in my view.
I have a large highset house in Loganlea, Qld for sale. It is near the Uni, Tafe, hospital, station, bus etc – 20 mins Brisbane CBD, 50 minutes to the Gold Coast.
So far 2 rooms upstairs are rented – totals $200 per week. Another room upstairs should rent for $80-90 per week. We live downstairs, but that granny flat could be rented for $140 per week.
So the place should return over $400/week. The price is $230K. That’s positively geared in a growth area. My only reason for selling is I want to buy now in other areas. I will even lease it back from a serious buyer.
Michael
[email protected]Hi Bill,
Please send me your ads and any other relevant info as well, I may be selling a couple of houses soon.
Thank you.
