I agree Freckle. I have noticed it as well. Houses are getting closer and closer every day. I have traveled to the US recently and saw the same. I would be afraid to leave my curtains open since your neighbors are so close and it feels like you are constantly watched. I guess they are trying to save space and money by building as many houses as possible.
Just read that American property prices are on the rise, but I am being a little bit skeptical that this rise will stay for long. In my opinion, prices will drop back again pretty soon, but , of course, I might be wrong.
Talk to the Strategic Planning Unit and are you sure you want to build three townhomes? Won't it be a little bit crowdy? I, for instance, do not like to live too close to another house, so I can see everything going in my neighbors' place. I would also probably keep all houses and just rent them out.
I think you need to weigh all risks well. I do not invest in 1 bedroom units, as it is proven not to bring enough cash flow. As well I would not invest in a unit for retirees.
I recommend you to research yourself first. No one will give you a detailed consultation on the forum. It is plenty of books on property investment and etc. Good luck!
Thanks for the laugh:-) One of the poorest written articles, but it definitely put a smile on my face:-) "Drive around at dinner time: No lights in a lot of houses means no one is residing there, and you shouldn’t, either." just made my day!
If you have enough money to fix up a foreclosed home, it might be a great deal. Before buying just make sure what damage has been done to a house and how much it will take to fix it. If it is plenty of cash, try to lower the price.
You can add any reasonable conditions and clauses beside general conditions and terms of a contract. I recommend you to consult with a lawyer if you are unable to draft it yourself.
Like Jamie suggested try to do both simultaneously, but I still recommend you to talk to an experienced broker because I am sure you will have plenty of questions down the way.
Wow, scam is everywhere nowadays, but I probably would not fall for this. Glad many people got suspicious and called the Real Estate Agency to check on it.
It sounds like you have a good luck with your first investing:-) Congratulations! Have you considered not selling your first property and just rent it out?
I think you just need to move on and fix it yourself. The settlement has happened already. Legal remedies will cost you more than just fixing it yourself.
I would not say that I am a good saver, but I am trying to put aside 5-10% of my profit each month to my saving account. It let me have a little bit saving by now. Getting into saving money every month is a good habit:-)
