Hi Derek, Can you tell me why you would ‘run away fast’ if there is a rental guarantee? Is this because they have basically built the rent intothe purchase price or insurance cost?? Just wondering.
Thanks
Exactly. I am actually going through all topics that interst me through the pages and pages here on the General forum and am learning things from others questions, usually those who are less experienced than moi, but all the same I have to say this forum is just fantastic and was a great idea!
Yep Derek you are right. I have investigated that track and currently have about 3 options I am considering which one is through an ‘investment property’ company. But I am finding that I am doing al my own checks anyway! There is aproperty that I want valued and it has taken 6 weeks so far for the ‘investment company’ to come back to me with off plan specs let alone contracts to get a valuation done before signing…..just has to make me wonder really. I think Ill didge it and do the hard yards myself. Just wish I had a fairy godmother.but this site is just so helpful, I hope I can be of use to someone else one day! Thanks again.
To me the choice between the two properties is very clear and easy.
Go for the one at Clayton, purely because of its size.
A property of 30 sq. metres is very difficult to obtain finance for.
If you had asked whether either one appears a good buy
I would say : ‘Absolutely not. You indicate as much yourself by the words you are using : “Location for capital growth not huge.” (Clayton) and “(although serviced apartments dont grow as well” (Richmond).
Pisces
(However, I have been known to be wrong sometimes []