There's many ways of investing in property, not necessarily the way you present it here.
One of the novel ways of buying property currently where i live is house sharing, going shares in a property. Not very difficult is it?
The current interest rate is minuscule, so I have no idea why you're bringing up 10% interest rates, and also a mortgage will magnify the capital gain on the property.
Repairs and renovations depend entirely on what the property's like and how you look after it. I've just spent $30,000 renovating a renter after owning it for 31 years. Not much really is it?
I don't use agents, I rent and administrate them myself...and it's not very difficult....but maybe for you.
I certainly am not a financial advisor and wouldn't want to be one but I've done OK out of property and if I thought for a moment that gold was a good bet, I'd get into it.
I wonder how many financial advisors would tell you to 'stack' gold bars....not many.
All you have to do is ask yourself one question. Why are the 2011 goldbugs not here anymore? They're all ensconced in the Caribbean living the life?
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