Hi all! Currently have 1 negatively geared investment property which we bought basically for position and renovation potential. Currently rented out until we renovate and move the family there (4 young kids under 7) My account friend gave me a copy of 0-130 and I’m definately going positive after my research phase which I’m now in and I have a decent deposit.
My question is this. In the book Steve quotes 5% for costs for most of his purchases. I’m feeling this is a little conservative given that my own costs (for property mentioned above ) was closer to 7%. What is the feeling out there? What is a realistic figure for puchasing costs now?
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