we were only intending on buying +ve cashflow props, but have come across a unit in an area where there is huge rental demand and excellent employment and tourism related industry. Expected to sell for $160 & that’s also what the rent will be approx/week.
Any wisdom in buying it – condn is great – and selling it after 12 months?? we are in a position to make up the difference in payments even with interest rises. Currently, no other units in area under $200,000.
This is part of an estate going for good price.
Or are we being very naughty even considering this??Opinions sought,
Thanks, Tony and Dianeif you know it is a good buy, why not? is it going to cost you or making you money in the long run? weight the deal and rip the benefit.
The deal of a life time come around every second, if you blink you will miss it, but you can alway wait for the next opportunity.
Good luck with you investing and you will find those +ve cashflow property sooner to reduce your temptation.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]I think every investing strategy should be diverse and be tailored to an individual’s situation and goals.
Investing in +ve cashflow property may not suit everybody because although the yield is good there may be little capital growth. Sometimes you need the capital growth to enable you to get the deposit for the next purchase.
If you feel comfortable with what you are doing – have done your due diligence etc, then why not?
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
As long as you have made the decision with your mind rather than your heart it sounds fine.
Pisces
Originally posted by Pisces:As long as you have made the decision with your mind rather than your heart it sounds fine.
Agree! [^]
Cheers,
sisOriginally posted by Shushar:I think every investing strategy should be diverse and be tailored to an individual’s situation and goals.
Investing in +ve cashflow property may not suit everybody because although the yield is good there may be little capital growth. Sometimes you need the capital growth to enable you to get the deposit for the next purchase.
If you feel comfortable with what you are doing – have done your due diligence etc, then why not?
Shushar
“All our dreams can come true, if we have the courage to pursue them.” – Walt Disney
Spotted on.
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Hi Everdine
You don’t steal in slow motion.
And if you miss it, don’t worry the deal of the decade does come every week.
Let us know of how you go.
Best of luck
Tony
Originally posted by everdine:we were only intending on buying +ve cashflow props, but have come across a unit in an area where there is huge rental demand and excellent employment and tourism related industry. Expected to sell for $160 & that’s also what the rent will be approx/week.
Any wisdom in buying it – condn is great – and selling it after 12 months?? we are in a position to make up the difference in payments even with interest rises. Currently, no other units in area under $200,000.
This is part of an estate going for good price.
Or are we being very naughty even considering this??Opinions sought,
Thanks, Tony and DianeIf you don’t want it, I’ll take it.
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