Buying a Brand New Property or an Older Property
Generally the newer the investment property, the less repairs/maintenance it will need and if you are buying a brand new property, then it shouldn't
need anything doing in the first few years. If it does, chances are the builder will take care if it for free.
The downside to buying a new property is it will most likely cost more than an older one. However the amount of rent you will receive after
all the costs (NOI) will be higher. Your decision here will be your own personal preference. I would recommend buying almost new properties
(less than 10 years old). With the current economic climate, it is possible to buy almost new, bank owned properties at a very large discount.
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Please Note - The information contained in this section is only my opinion and should not be regarded as legal or tax advice