Options?
Unit or house
Up to 300k purchase price ideally
Rent it out, hopefully rent to cover the repayments
In an area with positive capital growth
Repayments work out to be around $2025 a month over 25 years at 6.5%
Retain for 2-3 years, sell and do it again or hold and get another one, rinse and repeat
In ten years, sell and use the funds to pay off the mortgage on the family home
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- best place to buy an investment property $300k
best place to buy an investment property $300k
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