Thank you Benny,

From your response and looking into those other posts I now realise there are many options I could take. I was recently listening to a podcast and one of the things mentioned was for a property to be an investment grade property there should be land scarcity in the location as well as demand. I think I will now have to do my own analysis to determine if I will be able to go in the Reno direction.

As renovations are one way to add equity it is now an option I will consider. This was the reason I was also planning to build a duplex in the next stage of my investment journey. However, by going in the Reno direction would there be any resources you can suggest to better understand the approachs when renovating? And where can I find Ian Ugarte’s “HMO” style of investing¿

The only thing that kept me from looking down that direction was that you lose out on receiving the government incentives from my understanding. However, I am open to explore if Reno option is suitable for my situation. I will be sure to reach out to some MB’s as so far I have only been in contact with some major and minor lenders to determine my borrowing capacity which the highest was around 370k. I want to start with a positive geared property so that is some great suggestions you’ve provided.

Cheers,

EJ