Hi Rose, I was in a similar situation to you earlier this year. I managed to get finance through AFIG Wholesale. Higher interest rate though, 6.8%. Ph n.o. is 1300 360 801.

Cheers Dean

hi Kelvinh,
The electricity account is held in my name and I invoice the two tenants accordingly, the workshop has a secondary electricity and water meter. Yes the block is also a development block 1090m2 R40. I’ve enjoyed quite good capital growth with this one also.

Cheers Dean

Hi Wormit, I’m from Perth and pretty new to this forum as well. Look, I actually stumbled across a cash flow property by accident and through stupidity too – I’ll explain. The property’s in Midland, I wanted it because Midland’s a bit of a hot suburb and I was prepared to go into a heavily negative geared deal. The house needed work ($90 p/w tops)…[Read more]

Firstly, thanks for all your comments, they’re greatly appreciated . I have been thinking about this deal all day and still haven’t decided. I’m a bit of a hoarder though when it comes to property. 80k is quite good a good sum but like many of you have said it will be eaten up by costs and I suppose once it sold thats the end of it. If we keep it…[Read more]