Depends what you are looking for. I’m with Steve on this one. It’s about the numbers. You don’t go investing in Tasmania and look for capital growth – if it happens great – if not – so what – you are looking for positive cashflow properties – along with the research of vacancy rates and other due diligence questions when purchasing IPs -…[Read more]
If you are new at investing in property I would go for one with some sort of immediate return – ie., rent. It also depends on encumbered you are – I mean do you have other loans, can you make repayments if it doesn’t sell quickly?
If it is on or near a beach, and you can afford repayments buy it – otherwise I would think carefully.
I’m new on the forum but not new at loving, eating, sleeping, breathing real estate.
I have crawled thus far, by stepping in, here and there to make purchases – but after the weekend’s fantastic fun I am now not planning to walk or run – but – to fly!!
Thanks Steve and Dave….and thanks to all your other inspirational speakers.