Hi guys,
My wife and I have saved up a bit of money and I want to begin investing it in something so we're currently looking at the bottom end of rental properties.
Of course the cheapest ones that we can afford are in the less renowned areas. I want to know what your experiences are investing in potentially rough neighbourhoods. I'm optimistic but perhaps we're better off waiting until we can afford a better area? The areas have good yields but not much capital growth. We're looking for something to invest in to eventually build a deposit to buy our own home.
The one we're looking at appears to be kept fairly nicely and the current tenants have young children which may restrain the hooliganism i think?
Your experience and advice is much appreciated to a couple of newbies!
My wife and I have saved up a bit of money and I want to begin investing it in something so we're currently looking at the bottom end of rental properties.
Of course the cheapest ones that we can afford are in the less renowned areas. I want to know what your experiences are investing in potentially rough neighbourhoods. I'm optimistic but perhaps we're better off waiting until we can afford a better area? The areas have good yields but not much capital growth. We're looking for something to invest in to eventually build a deposit to buy our own home.
The one we're looking at appears to be kept fairly nicely and the current tenants have young children which may restrain the hooliganism i think?
Your experience and advice is much appreciated to a couple of newbies!
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