Lalibella wrote:
I agree with Steve, however I would add run, run away from this risky deal. Dont stop until you've purchased a finished house with good tenants. Dont blow your money speculating. Leave it for a few years.

thank you very much for your advice. It is actually risky for me after more thoughts. I would look for something else. good…[Read more]

thank you very much.i am acutally talking about the CitySide apartment which is at northwest corner of Melbourne CBD. For $7000, it comes with 6% rental gaurantee from the developer for first year from settlement(1/05/09), property mgmt fee and dishwasher and blinds, but for deposit I need to pay only 700 of it.I thought I don't need to worry…[Read more]