Hi how are you all..just some advice please.
I live in my own home which is small and i have just been approved 300k loan.
I am not sure wether to rent my home out and move into a bigger house or stay here and get some rental properties..
My real dilemma is do i get one expensive property or a few inexpensive properties.
Hoping you can all help me..
Much appreciated..Be very careful about seeking capital gains in this market. Capital gains are still out there but so are huge losses.
Perhaps more sensible advice would be, not so exciting positive gearing properties. That way you save your cash or borrowability for a potential slump in quality property. Yes, I am talking about Sydney and Melbourne.
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.
[
]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
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.
[]hi veewee,
spend some time doing some research on real estate websites and you’ll find them, however they take some work..
cheers
r
]
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