Yet another Melbourne newbie

Discussion in 'Introductions' started by spuddy, 8th Apr, 2020.

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  1. spuddy

    spuddy Member

    Joined:
    8th Apr, 2020
    Posts:
    9
    Location:
    Melbourne
    Hi all

    I've been lurking on the forums for several months so about time I joined up.

    We have several residential investment properties in Melbourne and a couple interstate. Most now cash neutral or slightly positive (bad advice when I first got into the market meant we almost got stuck in the negative gearing debt trap, but we've seen the error of our ways!).

    We've also ventured into a commercial (office) property in our SMSF 2 years ago which has been doing ok until COVID-19 has reared its head and out tenant is now demanding a 3 month rent waiver which will leave us in a sticky situation.

    looking forward to tapping the collective wisdom of the group...