Sunday, February 22, 2015

Buying a first home purely for investment?

How realistic is it that I could buy a home and rent it out and the tenants weekly rent would cover mortgage repayments?
I realise I would be liable to repair some things if they break and maintain things as well.
What other extra bills can i expect with owning a property in victoria Australia.
Basically I want to know if I save up the deposit to mortgage a place then can I just forget about it (in a way) and let it pay itself off… Or am I still going to be constantly struggling with extra costs that the rent cannot cover and if so then will it be a weekly struggle or not as often?
Thanks

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