hi all,
I have an opportunity to purchase another 2 properties in a area that 1 already have one in, I have done all the sums and research and it looks great on paper and my other property is doing really well, my concerns are that I am putting all my eggs in 1 basket.should i look for a different area?
Gazza
As that rabid Lions supporter AD would say, if the numbers and due diligence stack up, go for it. I bought 4 recently in the one town and wasn’t worried at all.
Cheers
rHi Gazza,
I agree – go for it. However I was talking to a lady at a PI seminar in Feb this year. She almost lost her entire 5 IP’s in the Canberra fires this year. They were all in the one street.
Just a thought.
Good luck,
Delhi
treat each IP as an individual/new case.
do your homework and if everything works out as it should, then why should the same location be a problem? if you have already bought here, then obviously you believed it was a good opportunity before. don’t discount another IP just because it is in the same location. I actually go looking for them!
[
]Dale Carnegie said “put all your eggs in one basket”
Warren Buffet says the same thing. Buffet believes strongly in investing as a business.
So if the numbers stack up and you are making money and your future projections are correct, then follow your investment criteria
]
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