In a nutshell, when trying to source cf +ve properties do you need the purchase price to be less than 500 times the weekly rent. Or an other way to look at it, make sure you charge at least purchase price/500 for the rent?
eg 120,000 house -> 240 rent
90,000 house -> 180 rentIs it still possible to find such places, and in what areas are you looking?
To answer my own question…
I guess they are out there… would need to offer slighly less eg 60k, and offer improvements to increase rent slightly…
Dont know how risky the area is tennancy wise.
I would investigate this further but the significant other I suspect would like me to use the first home buyers grant on something local (hobart)
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