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  • Profile photo of DramDram
    Member
    @dram
    Join Date: 2003
    Post Count: 82

    Hi,

    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 [:D])

    Cheers

    Profile photo of DavidUDavidU
    Member
    @davidu
    Join Date: 2001
    Post Count: 101

    Hi

    Depends on how many units are in the block. Personally I’d look at buying ALL units in the block

    Cheers

    David U

    Profile photo of DramDram
    Member
    @dram
    Join Date: 2003
    Post Count: 82

    Thanks David, that’s my thoughts too.
    Sorry i should have said…there are 12 in the block.

    Profile photo of scottscott
    Member
    @scott
    Join Date: 2003
    Post Count: 110

    hi Dram,
    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![:D]
    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.

    Cheers
    Scott S

    “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!”
    -anon

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