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Old 26-02-13, 05:46 PM   #1
Quatterarbro
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Default Houses n shit

So, home owners.
I'm looking at buying an investment property this year. Something where the rent covers the mortgage would be ideal.

Advice in home purchasing?
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Old 26-02-13, 05:56 PM   #2
dIsTaCtIoN
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you want to buy a good one
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Old 26-02-13, 05:56 PM   #3
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and use money for it
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Old 26-02-13, 06:05 PM   #4
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Monopoly money is good right?
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Old 26-02-13, 06:06 PM   #5
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Quote:
Originally Posted by dIsTaCtIoN View Post
you want to buy a good one
I'm looking for something in the west, so pretty cheap, can get it paid off quick. Near a train station and good for renting are my main priorities. I'm not going to live there so I actually don't need to like it,
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Old 26-02-13, 06:13 PM   #6
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buy a house and host uyac there
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Old 26-02-13, 07:41 PM   #7
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Dont do it
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Old 26-02-13, 08:45 PM   #8
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i live in my house and not familiar with the market over there so any advice i had would be terrible
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Old 26-02-13, 08:58 PM   #9
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In my opinion your investment cash would be better spent elsewhere. Prices are flat.
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Old 26-02-13, 09:21 PM   #10
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Have you considered betting on sports, Quattbus?
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Old 26-02-13, 09:25 PM   #11
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property is a terrible investment
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Old 26-02-13, 09:30 PM   #12
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Quote:
Originally Posted by Dancel Pow View Post
Have you considered betting on sports, Quattbus?
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Old 26-02-13, 09:32 PM   #13
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I don't think the weekly rent from tenants would be enough to pay the expenses for the house, when my parents owned the house next door it cost them approx 2k a month on top of paying off their first house.
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Old 26-02-13, 09:42 PM   #14
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Yeah, just go into the ASX.
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Old 26-02-13, 10:00 PM   #15
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go work in the mines and earn the big money bro
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Old 26-02-13, 10:00 PM   #16
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one of my tradie mates earns 7 figures there and owns 12 houses
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Old 26-02-13, 10:01 PM   #17
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he rekons its easy as to get a job
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Old 26-02-13, 10:02 PM   #18
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Quote:
Originally Posted by king of the fags View Post
one of my tradie mates earns 7 figures there and owns 12 houses
Kotche?
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Old 26-02-13, 10:02 PM   #19
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negative gearing mate, fucken 50 houses
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Old 26-02-13, 10:05 PM   #20
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in 2010 i bought a shitty studio in surry hills for 275, spent a year and 12k doing it up and now rent it out for 475 a week. easily pays the loans and gets me drinking money on the side.
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Old 26-02-13, 10:14 PM   #21
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real estate tycoon lost19
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Old 26-02-13, 10:21 PM   #22
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I can't speak for Sydney, but in Melbourne the market is geared towards buyers. There are lots of people selling and a lot renting; the buyers are all out for a bargain.

If you can get your loan interest-only for the maximum allowable time, you can set yourself up pretty well.
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Old 26-02-13, 10:43 PM   #23
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If you're a fuckwit
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Old 26-02-13, 10:44 PM   #24
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Don't buy property ffs
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Old 26-02-13, 10:49 PM   #25
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Quote:
Originally Posted by 铁屁股 View Post
Quote:
Originally Posted by Dancel Pow View Post
Have you considered betting on sports, Quattbus?
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Old 26-02-13, 11:12 PM   #26
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fuck TAT you in Melbs? hyper meet?
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Old 26-02-13, 11:20 PM   #27
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Quote:
Originally Posted by Dick Car Derby View Post
i live in my house and not familiar with the market over there so any advice i had would be terrible
good advice
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Old 26-02-13, 11:31 PM   #28
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Quote:
Originally Posted by Readman View Post
Yeah, just go into the ASX.
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Old 26-02-13, 11:31 PM   #29
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alternately buy vending machines

there's always money in vending machines
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Old 27-02-13, 12:35 AM   #30
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If you're going to get an investment property, the best idea would be to get a place that you go past often enough just to check up on, mainly so you know the place isn't being trashed.
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Old 27-02-13, 12:37 AM   #31
Duck Dodgers
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Old 27-02-13, 12:37 AM   #32
Duck Dodgers
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yep, still an open sewer
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Old 27-02-13, 12:39 AM   #33
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more like... woman dodgers
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Old 27-02-13, 12:39 AM   #34
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cos you're gay
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Old 27-02-13, 12:40 AM   #35
koolfang
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Old 27-02-13, 12:46 AM   #36
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hello I am gay
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Old 27-02-13, 12:47 AM   #37
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:megamrpieavatar:
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Old 27-02-13, 01:08 AM   #38
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Quote:
Originally Posted by Skeleton King View Post
If you're going to get an investment property, the best idea would be to get a place that you go past often enough just to check up on, mainly so you know the place isn't being trashed.
You'd wanna be careful with that cos if the tennants catch on they could get you in hot water
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Old 27-02-13, 01:30 AM   #39
Duck Dodgers
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Oh, he knows how to remain inconspicuous.
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Old 27-02-13, 06:26 AM   #40
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you wanna buy near a playground
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