how much did your house make you?, page-9

I really like Scotty's posts as it gives potential buyers, a really good indication of how while the property maybe cheap it's not always the best.
I think you can really learn from Scotty's mistakes and how position, location and close to transport are the biggest factors in getting great % returns.
While if you limit yourself to Scotty's mantra of cheap and nasty slumlord areas. The capital gains in that mindset are not that attractive.

For example a property I bought in Brighton in 2008 in the middle of gfc.
Which I sold recently returned 370% I admit I spent 800 thou on it.
But still it returned 370% and it illustrates how position (close to beach),
Location close to trains and cbd. Good luck Scotty if I ever need to by a swamp or a slum building I will ask for your advice.