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Hi,
Thanks for the replies. I understand it would be a lot of work and I have already written down all problems that could occur as well as possible solutions.
lifeX: In terms of insurance, I can get a discount on that although it will still be expensive. How did you find the IPs with uni students? Was it very successful?
Sooshie: The kind of tenants would preferably be uni/tafe students with good history of part-time employment. There are quite a few international students here that prefer not to live at on-campus accomodation. Ideally the lease would be for at least an entire semester.
Lucifer_au: I understand that getting council approval and keeping with regulations may be difficult however it is possible as my BFs dad started with a 4 bedroom house and extended it to 13 bedrooms. I will be talking to him in-depth about this.
Once again, thanks for the replies. I think it may be best to start off a bit smaller but I am intending to look into it completely as I know it would work with a lot of effort. I’m thinking of maybe investing in inner-city apartments to start off with or maybe even in rural areas but I will be keeping my options open. Any other advice would be much appreciated.
Hopefully soon I too will be able to make some great contributions to this board
See the mission’s to get what we don’t got
Until we filthy rich and on top
You betta go get it, it’s yours
The mission’s to get what you don’t got
The struggle it don’t stop until we drop
-Krayzie Bone & Ice Cube
