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Rank: Administration
Groups: Administrator
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Joined: 1/12/2009
Posts: 173
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A great way to make a property positively geared is to rent out individual rooms rather than the whole house. Go to http://www.share-house.com.au and you can see what people are willing to pay for a room in a house. For these types of houses its always good to be close to a rail line or university.
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Rank: Newbie
Groups: Investor
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Joined: 3/9/2009
Posts: 9
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Absolutely, I'm on the same boat and it helps me pay my mortgage & removes the stress out of finances.
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Rank: Administration
Groups: Administrator
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Joined: 1/12/2009
Posts: 173
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Well yes, its great for single people as well, wanting to help pay their mortgage.
I wish I had done that in my earlier house buying years.
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Rank: Administration
Groups: Administrator
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Joined: 1/12/2009
Posts: 173
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A interesting concept I recently found is shared housing for nurses or doctors.
They make great tenants, you just need to buy near a hospital.
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