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  • Profile photo of VeeweeVeewee
    Member
    @veewee
    Join Date: 2003
    Post Count: 2
    August 10, 2003 - 7:33 am

    Hi
    Where can I find a property for 60k these days. I thought all those cheap properties were well a trully snatched up
    Cheers Vee

    quote:

    hi
    expense is relative.
    i wouldn’t be putting all my eggs in one basket – my opinion.
    look at it this way:
    5 houses @ $60K each returning $100/week = $500/wk
    (if one is vacant, then income is still $400/wk)
    1 house @ $300K returning ?/week
    (if it is vacant, no income)
    i tend to be conservative.
    [:)]

    Profile photo of VeeweeVeewee
    Member
    @veewee
    Join Date: 2003
    Post Count: 2
    August 10, 2003 - 7:29 am

    Hi everyone
    I have just been surfing and found this web site how wonderful. It is great to read everyones comments. I am a”gunna”. I have been wanting to buy investment properties for the last 7 months but am too scared. How do I start up? We have a property which we bought 3 years ago and it has gone up in value of 127K. We have about 100k in equity (as we borrowed to pay off visa cards….) Now what??? I live in Brisbane and am now scared I have missed the boat with the property prices just going mad. If any body has any advised on how to get started I need to get out of my comfort zone. I have been reading books on property investing for the last 7 months..
    Please help
    Gunna

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