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, 10 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, 10 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]