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Thanks so much for the reply. But are you saying l have to put 30% deposit if l wanted to buy a commercial property. I am not interested in residental, only commercial.
I was going to buy a commercial property in a very high growing area and just missed out at an auction. According to the book this wasn’t such a good investment anyway. I still think it was because of the high capital growth and it wasn’t even too expensive. But if l bought l would have to add about $50 per week. That was the only problem. I was happy to do that because it was such a good area.
But l don’t have a deposit. If l bought any property l would have to borrow the entire amount.I am looking for a retail premises in a good area, for around about 200k.
Also as far a residental property is concerned the ones that are cheap are in a really bad area, and l would have to deal with unemployed people, which l couldn’t stand. So l forgotton about that idea. I would rather deal with people who have a life.
If you know what l mean??Sue
These hot properties that everybody wants, and that give you 10% return. Well, l don’t know where they are? I have looked and looked, and l just cannot find any.
The 11 second guide is useless if you can’t find any properties that match up to it.I am interested in reading the book to see what it sais. But l doubt it will give me any insight into this problem. I just wish l could speak to the auther himself and ask him.
It just seems so unreal at the present moment to be able to buy any with such a low figure. Going back about 5 years ago it was easy to buy property and let them pay off themselves, but it doesn’t seem to be the case now. Am l missing something??
Thanks sue
Thanks so much for every one replying on my post.where do you find those kind of properties??
They are impossible to find.
The rents are so low and the properties are too high.
Thanks sue
