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  1. I

    My steal of the week. $20,000 cairns unit which vendor paid $113,000 for rent $160pw.

    the biggest expense is the strata, i wonder how much 'fat' is in those fees. What are the related party transactions (eg contractors doing the gardening, servicing the pools etc). Wouldnt be worth it with just one, but if one obtained several units and joined with like minded investors, one...
  2. I

    My steal of the week. $20,000 cairns unit which vendor paid $113,000 for rent $160pw.

    spoken like a businessman:D thats the difference boys and girls, on one hand we have people looking at this asset from a risk/return point of view, on the other people who just focus on the negatives without considering the price paid for it. We are not talking A1 quality property here, but...
  3. I

    My steal of the week. $20,000 cairns unit which vendor paid $113,000 for rent $160pw.

    Nathan keep up the postings, they are very informative, a great inspiration to many. On any public forum there will always be a vocal minority that chooses to just nit pick, yet they really come up with sustainable investment ideas of their own. You are truely a quality member of this forum.
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