Heres the deal.
# 24 perch,
# 3 Bedroom + 1 entry through laundry.
# Suburb of Brisbane 12km from CBD.
# Bus stop out the front.
# Close(walking distance from a school)
# Busy street/ but not a major street
# Needs restumping($3500)
# Needs new kitchen($3000)
# Needs new bathroom($3000)Asking price $220,000
Rent as is(not that flash) – $230 per/week
Borrowing $220000 + costs (Have equity in other properties)
Not postitively gear I know. Thinging more of capital gain,
What do you think.
Cheers Man
TOWLIE, 12ks out of Brissy CBD sounds OK as a growth prospect – but will depend exactly where – do you know Brisbane. You can email me for some anecdotal info if you like
lrobbie%netspace.net.auCheers
LR
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