I have been looking at IP’s and have spoken to real estate agents. Just got a phone call from one about a property. Details are; 3br house, double garage holds three cars, built three yrs ago, brick, weekly rent 190 perhaps 200 and the asking price is 195 000.
What do l do?According to Ed Burton, if its a high growth area (find out via residex), good neighbourhood, not near a needle exchange etc, council has lots of good plans for the area and business is going well, and its cash neutral to slightly positive, then buy it!
Argyle,
What would be your buying strategy?
Capital gains or cashflow?
It appears to be far from +ve casflow.It wouldn’t fit my criteria. But that’s just me.
Good luck,
Del
Hey arglyle,
What is the aim of buying this property ? I affirm what my aim is before I buy a property to make it clear in my head and to make sure the numbers work for whatever I have in mind.What is your aim for this one and what is your overall goal in investing ?
Enjoy
AD [:0)]
(Andrew)“Character cannot be developed in ease and quiet. Only through experience of trial and suffering can the soul be strengthened, ambition inspired, and success achieved.”
Hi
Just a query
Regina where do I find residex and what exactly is it…I am only new to this so have alot to learn…
Thanks Swaney[
]Here ya go Swaney. regina’s probably busy signing the next “11 second qualifier” contract[}
]Have a great day
Robert
Veni, Vidi, Vici
]
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