oops wrong place I will try again
Hi everyone,
Can people tell me how important they believe the percentage of renters in an area looking to purchase is important when doing due diligence. eg if you were going to reno and sell does it matter so much the amount of people that are going to rent compared to if you were going to reno and hold?
thanksHi Dr Spock
Buy & Hold or reno and sell, we find all people prefer to live in a "nice" looking area. Our experience over the years is that an area dominated by rental properties doesn't appeal to us, so we steer away from those areas. Of course this is a generalised comment and some tenants keep their rental property in great condition. However our opinion stands, based on what we generally see.
Cheers, Paul
Paul Dobson | Vendor Finance Institute
http://www.vendorfinanceinstitute.com.au
Email Me | Phone MeAn alternative way to finance your home.
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