>perusing the web for some cheap property
>find one over an hours drive from the nearest major 'city' for $65-75k
>check rents in the area, about $160-180/wk
>mortgage repayments on this house would be like $60/wk
>even if you don't have a tenant for a third of the year you'd still make money not even factoring in appreciation
Is this like, a good idea or not? Are there issues with rental properties like this that I'm unaware of?
>>1228765
>Are there issues with rental properties like this that I'm unaware of?
Niggers.
That $400/month shit is basically telling niggers 'rent me!'
>>1228770
Should have mentioned that I'm an ausfag so we've no niggers (at least not the niggers to which you refer) and abos don't really populate my state heavily.
>>1228783
Are there not white trash or bogans?
>>1228765
There's other things to pay for, rates, insurance, a real estate agent if you go through them, repairs on the house, etc.
>>1228795
There are indeed, but they usually don't fuck up the houses they live in for shits and giggles or via extreme negligence.
>>1228798
That's a good point. I have to wonder how much insurance and rates would be though considering the low price of the house.
How much do you think a real estate agent would charge to manage tenants and such?
there's no way a house in aus at only 65k isn't riddled with problems
is there an abo problem nearby? public housing?
>>1228810
It's fairly rural; 5 hours out of Melbourne
>>1228816
ok so it's in country vic ie a hellhole an hour from ballarat or shepparton
what's the population growth/decline of the town it's in, if it's in any.
what's the nearest business/farm that will hire the people living there
>>1228819
>an hour from ballarat or shepparton
Actually about an hour from mildura, it's about 3 from bendigo. Yes a hellhole. Walpeup is the suburb, ~100pop as of 2006. I would estimate population growth to be minimal, and the nearest business would probably be in the nearby town Ouyen.
