This is what my wife and I did recently:1. Refinaced our current home, it's valued by the bank at $530k and we owe $170k on it2. engaged a buyers advocate to find a decent property for us3. bought said property with an interest only loan4. IP is serviced by an offsett account, which all our wages go into, plus rental income5. skimp and save. …[Read more]
To answer to the original thread question : America! Where else can you find properties with mthly rents being > 2% of the property price? eg my block of units was $80k and gross mthly rent is $2k. These deals are getting harder to find, but its not uncommon in the midwest…
where did you find a block of units for 80k??
I am still getting CF+ deal in todays market.I just settled on a property for $22,000 reno of $25,000 reval of $140,000 rental $200pw in pop of 10,000+
Would it be rude to ask where?
raresaturn replied to the topic What can I claim on my first year investment propety come TAX time? in the forum Help Needed! 12 years, 3 months ago
Don’t you have to live there to claim it as your main residence?
raresaturn replied to the topic Equity from first property VS New Loan for a second in the forum I thought the name of the 12 years, 3 months ago
I thought the name of the game was to build your equity. i could be wrong thought I’m still fairly new to this. We are increasing the loan on our house to buy an investment property, there does not appear to be much advantage in doing it the other way.
Hi, you could try searching on PropertyKeyword.com. Just type in "corner block" for instance, and it will find all properties across the major sites with that description. Some of my favorite keywords to search for are disused, abandoned, and former. You can find some really interesting properties this way.