DramMember@dramJoin Date: 2003Post Count: 82
I have an opportunity to purchase another Unit in the same block as the one I currently have.
Forgetting the figures, just wondering what peoples thoughts are? Am I putting all my eggs in the one basket?
BTW this would be my second IP (re the eggs )
CheersDavidUMember@daviduJoin Date: 2001Post Count: 101
Depends on how many units are in the block. Personally I’d look at buying ALL units in the block
David UDramMember@dramJoin Date: 2003Post Count: 82
Thanks David, that’s my thoughts too.
Sorry i should have said…there are 12 in the block.scottMember@scottJoin Date: 2003Post Count: 110
Your probably the person who can best answer your question! If you feel they are good units, are happy with the returns, vacancy rates, type of tennant they attract, etc. Go for it!
My advice would be the same as David’s buy the whole block, buying one more is a step in that direction.
The only thing to watch is how your bank would view this, I’ve been told that they like to see a varied portfolio.
“Aim for the stars and you’ll shoot the top of the telegraph pole. Aim for the top of the telegraph pole and you’ll shoot yourself in the foot!”
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