Startting out with a dual occ investment

Discussion in 'Introductions' started by djjk, 5th Mar, 2021.

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  1. djjk

    djjk Well-Known Member

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    Hi all
    Im just getting started. Got a decent amount of equityin the PPOR and a reasonable combined family income. Within the next two years im planning to purchase two properties, anywhere in the country that I can add a granny flat to (or purchase an existing dual occ property). Would welcome any tips, thanks all!
     
  2. thatbum

    thatbum Well-Known Member

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    Can I ask why? What is the ultimate goal here? I'd be concerned if you did this too early, it will handicap your capital growth prospects and therefore your future investing.
     
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  3. djjk

    djjk Well-Known Member

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    Thanks for the advice. I guess I was doing it for increased yield straight up. I am definately not tied to the idea but figured it wasnt a terrible idea? Surely spending 1.2m on 2 dual occ places (ie property + GF) is better than 3 single occ places? Obviously depens on locations etc etc.
     
  4. euro73

    euro73 Well-Known Member Business Member

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    nonsense. Sorry . Just is .
     
  5. thatbum

    thatbum Well-Known Member

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    Better for yield, but not better for growth.

    I use granny flats myself, but I wouldn't have the portfolio I have now if I did them too early on compared to properties with better growth prospects.
     
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  6. Sackie

    Sackie Well-Known Member

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    Not necessarily at all. All depends on your financial situation and goals.

    I certainly "wouldn't by anywhere in the country" just so I could add a GF.
     

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