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Have been looking into some 1 bdrm retirement unit at around $100 000. Great location and occupancy rates. Pooled rental returning 500-550 mth after management fees and body corp. Any thoughts regarding these types of investments?
Does not appeal to me as it is negatively geared. Meaning it costs you money out of pocket each week to own it. I prefer to create positive cash flow.
If i we're a negatively geared investor i would also look for a better yield then this. Which would basically mean less money out of pocket to own it each week then the above example.
Viewing 2 posts - 1 through 2 (of 2 total)
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