best place to buy an investment property $300k

  1. Wilson!
    14,979 Posts.
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    09/04/14
    12:13
    Post #: 13231276
    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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