watso's first foray into an investment property was a disaster. watso paid about $29,000, and it was negatively geared for about 4 years, before he offloaded the property for about $24,000 - that deal showed a lot of acumen on the part of watso - i think not. and then to think of all the trouble in renting the property out, and dealing with tennants etc etc. next foray into property was to pay of about a half share of the ex's property - and for that watso got no credit at the end of the relationship. another foray into property wa to buy a rental property with the ex - with watso putting in all the funds - at the end of the relationship, the ex got her share of the property, for no financial input. lucky for watso though, was that he lived in west australia, and at that time, defacto's could not go to the family court, to get to the assets of the other partner - so watso kept all of his assets, and the ex kept the assets that watso provided. the rental property was sold in 1998, and being a double block, would now be worth about 4 times, for what it was sold for. however, on a day to day basis, it is a outright pain, to manage rental properties. given the prices of property these days, and the rental returns, it certainly would not be worth loosing any sleep for any potential capital gain - particularly if negatively geared
