Hi Investor Girl,
Are these coastal properties in a tourist location? I would not recommend investing in tourist properties or holiday homes as the rental income is usually not that secure. They often boast high rental yields however you have to think about if that income can be maintained.
Hope this helps
I would predict interests rates to rise in 2010 as well and as Terry pointed out usually with rate rises there are also property price increases.
What you need to do is assess your financial position and determine how much you can afford. In my opinion rising interest rate prices should not be a deterrent to invest provided you are…[Read more]
You would def want to call up and find out how much all the outgoings and strata are. The rental income seems high however i think outgoings will be very high also making the investment not as attractive as it initially looks.
you can find +ve cash flow properties here:http://www.PositiveGearingProperty.comI highly recommend putting all the figures including all outgoings into a spreadsheet to really find out how much money you are making every week or month.