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The finance has just been approved on our first Ip, a 2 bed unit, not a world beater but a place to start.Purchased for $95k, about $15k under listed price, is tenanted, rent is $135 pw. Needs paint and carpets and some minor repairs and then rent is going up to $145 – $150.We are pretty excited about it, this is just the start to our property investing journey.
Cheers
FostonLife is a series of new beginnings
Great journeys start with the first step. Congratulations…and to many more in the future…[party]
James
Congratulations…be no stopping you now!
Cheers,
Simon Macks
Mortgage Broker
http://www.mortgagehunter.com.au
0425 228 985Comments may not be relevant to individual circumstances. If you intend making any investment, financial or taxation decision you should consult a professional adviser.
Congratulations foston!!!!!
That’s great stuff!!!! [drummer]
They say that the first one is the hardest, but once you’ve done it, the rest are a piece of cake!!!! [biggrin][biggrin][biggrin]
Cheers,
Jo
Originally posted by foston:The finance has just been approved on our first Ip, a 2 bed unit, not a world beater but a place to start.Purchased for $95k, about $15k under listed price, is tenanted, rent is $135 pw. Needs paint and carpets and some minor repairs and then rent is going up to $145 – $150.We are pretty excited about it, this is just the start to our property investing journey.
Cheers
FostonLife is a series of new beginnings
Congratulations..
13.5% discount on list price> Plenty of inflated stuff still around. Definatley go fishing 20% lower and see what happens [biggrin]
[thumbsupanim]Well done!!!!!! We have also invested in the same area and have done okay. You are on your way now and all the best
Well done mate and I hope your retirement plan will be reach and fulfill as wish!
It won’t be to late to retire at 55.
Kind regards
Jet Dollars
[Retire Young, Retire Rich] [strum]Congratulations foston[specool]
Don’t forget to insure it well. Use this time now to apply different figures like capital growth and rental increases to see how it will turn out in a certain amount of years. It’s always fun to do figures and a ‘real life’ purchase, rather than a ‘what if’ purchase.
Enjoy.[biggrin]
If you want to get out of a hole, first stop digging.
