Dougall- why not just offer $80k for this property that the vendors are asking 200k for. They might realise their game is up and that you’ve found them out. Thry might let you buy it for what it’s *really* worth.
kay henry
Or ask real nice and they might just give it to you [^]
Also my rule of thumb for pricing neg gear ips the rent should be about the same as the asking price eg $200k should rent for app $200 pw so in my mind this property is over priced for the rental return. [V]I thought I was wrong once, but I was mistaken !
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