Investment properties

[MrsB26]

We bought something that needed little work to be done, in an area where rentals were in demand and in a good location. I have actually never seen our investment property in person - only photos - but htis wasnt an issue for me at all. Ours is in Cairns, 2 blocks from the beach and close to uni + public transport. It took me a little while to get my head around the fact that i wasnt going to live there so it didnt really have to appeal to me or my style of taste. As long as the figures add up in the end, thats all that mattered

[Mum2SweetCs]

We invested in a commercial property. The tenants pay for everything such as repairs etc.

The only mistake we made was buying it in a strata'd shopping centre.

Other than that the ROI is alot higher but the risk is also alot higher.

[westy]

Thanks for the replies, i guess we are a little different as we would ideally like to buy a house where we want to be (live) in say 5-10 years down the track. So although we wouldnt be living in the house initally we would eventually end up living in it so it would have to be a house that we would eventually be happy to live in permanently ykwim.
We are looking at the Far North Coast NSW with some land, rentals are far and few between at this particular spot and i think if we bought now not only are we going to be able to use it as a tax rebate but also gets us closer to getting to where we eventually want to be with us paying minimal for those 5-10 years.