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I too am looking to invest in real estate.I know this may be a...

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TGlenn

12 Posts.

02/05/21

22:53

Post #: 52882665
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Originally posted by roaminoz: ↑

Any property guru's here own a complete complex?

Currently in the process of seeing if a 7 unit complex 3x2bed 4x1bed is worth our while.

We got a decent deposit for it, our own home is mortgage free.

When it comes to do online quotes for insurance for the complex we need to ring the insurance company as they don't do complexes online only over the phone. I will ring come Tuesday, being Monday is public holiday in QLD.

What kind of expenses should i be prepared for? Real estate fees, managing the complex, body corp etc... Is it hard to self manage?

Any info would be great so when I'm in discussions with parties I can have a vague idea of things.

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I too am looking to invest in real estate.
I know this may be a basic question - but, do you generate any revenue from your renting of the property before the mortgage has been paid off? or do you only allocate some rent revenue to paying off the mortgage?

Last edited by TGlenn: 02/05/21
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