MichaelLitross replied to the topic Is this a good investment? How much would you pay? Seeking opinions from professionals and those with experience. in the forum Help Needed! 12 years, 9 months ago
Thanks xdrew, Interesting comments!Engelo, Yes, I guess many people would like to borrow $380,000 at 7%, then collect $600-$650pw while paying around $510pw interest. Do you know how to spend around $380,000 and get $600-$650pw rent? Is it secretive or can you share?I've noticed a few houses for sale for around $400,000 and only being rente…[Read more]
MichaelLitross replied to the topic Is this a good investment? How much would you pay? Seeking opinions from professionals and those with experience. in the forum Help Needed! 12 years, 9 months ago
Hi Bomberboy. So you're saying the further you go from the hub (I guess you mean Maroochydore?), the harder it is to get a decent rental income? I still image renting out both updatirs and downstairs for $200 each per week is very possible and would still bring in around $400 a week. With this in mind, I'm interested in what others think about…[Read more]