If you only had

Hi All,
I'm thinking of buying an investment property for $60,000-$65,000 ?
I want it for cash flow . Some capital growth would be good .
I think a house is best . I prefer to avoid regional but I'm open to it.
I'm looking for a good return , hopefully 6% or more.
I'm open to commercial because I realise it's a better return due to less outgoings .
I'm very cautious about it though.
Any thoughts ?

 

$65,000 will restrict you to rural areas and mostly not in Australia.

 

I would have said buy in Atlanta, USA, but I think you need close to $100K now and that would not include a renovation.

We need to come up with a list of where you can buy properties in Australia for $65K???I did not actually think it was possible today? and just say it was would it be a viable proposition in terms of long term growth and income.

Older properties can cost a fortune in maintenance. Also regional areas, not always possible to find suitable property managers or any property managers.

 

Since you are talking about having options like avoiding regional areas, buying a house, open to commercial etc.... Just wondering if you actually meant $650,000???

 

LOL...

 

Patsy, have you got a time machine?

If so, can I tag along? I'd love to do a spot of shopping.

 

There's no statute of limitations on that sort of shopping

 

Patsy, deep down we all want the same thing as you

 

Just what you're after.

 

I'm sure you can find a spruiker who'll say it's doable and part you with your money, if you're that keen to have an 'investment property'

 

At 65k a pop I'll take 15 thanks.

 

Where are these $65k free standing houses at? I might buy 4 or 5 in cash.

 

I can only dream of having that kind of money but if I did I would be looking to buy water front in Point Piper personally. Or maybe diversify and buy one house in Mosman and another in Toorak.

 

if $65k is a real figure I would recommend using as a deposit for a 90% lend.

Loan people???? - advice would be good.

 

Where would you be able to buy a $65k place that's not regional?

I don't even know where you'd land one in a regional area for that cheap.

Cheers

Jamie

 

CPTs?
Otherwise, there's this guy I know who lives under a bridge.... he's always doing deals like this.

 

I have seen real dumps of semis go for this in Davoren Park/Elizabeth.. but you would need to put 25k into them

 

Broken Hill

 

Oops Sorry was out at a cafe without my glasses can I add a 0 to that amount .
$600,000

 

Yes I did ! That's what I get for chatting and texting !