ASSUMING that there IS a demand for furnished rental places in your area, I would look at it like this:

Apply the good old 11 second rule –
If furnishing you place would cost you say, $5000 for new/good 2nd hand furniture, and you could generate and extra $40 a week in rent:
$40 per week, divided by 2, mulitiplied by 1000 = $20,000. Which is higher much higher than the initial outlay of $5000.
These figures would give you a Cash on Cash return of 41.6% if you payed cash for the furniture upfront, before even taking into account depreciation at tax time. Which seems pretty good to me.
Even factoring in another $500 a year for replacing or repairing items of furniture, that still gives a cash on cash return of 31% before tax considerations.

~jo~

At work, on a mine.
However, did not become an item until a couple of years after I had left. Then I dragged him home from a nightclub at 6am.
The funny (weird) part is that when I was working at that mine, a clairvoyant told me that the reason I was there was to meet my soulmate. She even told me when his birthday was. After I had left, I remembered this, and thought, Oh well, lot of guff that was, never mind. Then after he and I got together and I asked him when his birthday was… what do you know, right on what the clairvoyant had told me.
Hmmmm
And I already knew him to be my “soulmate” before I new his birthday.

~jo~

Hi Zen.
I’ve a bit of an interest in the perth apartment market.
My PPOR at present is an East Perth apartment and in the short time I have owned it I am confident of it doing well. I have the sale history for the entire complex of 60 units since construction 7 years ago all charted, and the CG has to date been damn good.
If I leased my place now the return would be negative, but not too bad.

I think the key is to buy something a bit unique, with some sort of aspect that the bulk of them don’t have, rather than some of the ever so similar mass developments that are being spawned.

Someone mentioned that the banks are looking at a low LVR ratio. I encountered this a year ago when I was looking for finance, but managed to get ‘mainstream’ finance at 80% no problem after a bit of shopping around.

~jo~

A few more:

1)Three things in life are certain: Death, taxes, and the English will never win back the ashes in our lifetime
2)Trying to see into the future is like looking for a black cat in a dark room that might not even be there.
3)If you fall off a donkey seven times, you must climb back on eight times. If you fall off a donkey ten times, perhaps you are not cut out for riding donkeys.
4)Don’t do unto others what you can get someone else to do unto others.
5)If at first you don’t succeed, try doing it the way your wife suggested.
6)At some point we must all walk a mile in someone else’s shoes. But be sure to remove your own shoes first, cos no one makes a good impression wearing two pairs of shoes.
7) If you lend a helping hand to someone, they’ll remember you again next time they are in need.
A closed mouth gathers no feet
9) the fact that no one understands you doesn’t mean you are brilliant.
10)If you stay calm while everything around you is collapsing, perhaps you are missing something.

Hee hee hee, Merredin. I was born and bred there!!! Have friends who grew up in some of the houses listed on realestate.com!!
(PS I have been looking at it too. Not too sure yet.)

~jo~

While I am not a single mother investing in property, I am the daughter of one who did, with reasonable success.

In the late 1980’s, My Mum bought and we lived in an old (very crappy!) house an a big block, while sherenovated it and found a financial partner to help her build 2 more strata units out the back. This resulted in enough of a return to move into other ventures herself. (in the days of 18% interest rates)

Her other main achievement was peaking my interest in real estate from the age of 10. You will be setting a great example for your kids, which will be a fantastic investment in their futures, if, of course, they are interested!

All the best.

~jo~

Hey it was worthwhile asking anyway. Made me go and scratch the dozen cards I had thrown in a drawer to see, never bothering to look at them for obvious resons. (nope, can’t help sorry) Gave up on that after I never got that missing paddle pop stick that would have taken me to disneyland when I was 10.

~jo~

Where is Byford? You would have right to claim ignorance… Its on the very southern Perth fringe, directly inland from Kwinana. Semi rural. Too far from the city but not far enough, if you know what I mean!

~jo~

I get mine emailed and print them myself – no paper copy mailed every month.

~jo~

Home: East Perth, Perth WA, 1 week out of 3. Love it!!

Other: Yarri, 2 weeks out of 3 (used to be Shay Gap) North west WA, 200kms ESE of Port Hedland. Hot as the fires of hell at the moment. 38 degrees at 7:30 this morning.

~jo~