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  • Profile photo of siongsiong
    Member
    @siong
    Join Date: 2011
    Post Count: 2
    May 1, 2011 - 8:31 am

    After reading the book "From 0 to 130 properties…" by Steve McKnights, I have difficuty finding any  property using the 1 Per Cent Rule. Applying to unit normally get me 6.8%. This is based on 8% ( 7% bank interest + 1) For house is worst. Can anyone enlighten me with regards to rile?

    Thanks

    Profile photo of siongsiong
    Member
    @siong
    Join Date: 2011
    Post Count: 2
    April 25, 2011 - 11:56 am
    Hi
    I am thinking of investing and not sure which option to go for. I have finance approval for 400K and have cash of 100K. Should I buy
    Option 1: Buy a unit in the Perth CBD.
    Option 2: Buy 3km from Perth CBD but not in the CBD
    Option 3: Buy a house in a surburb. Maybe Rossmoyne area?
    What are the benefit for buying a unit as to house? and

    Is it better to buy new unit or older unit?

    Many Thanks
    John
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