Just wondering if anyone on these forums aims to purchase positive geared property, and if so how have they gone with it?
I'm thinking of possibly purchasing a property in the next 12 months either interstate or in country NSW to rent out, but due to the fact i'll be fresh out of uni and on probably less than $40k p.a. I'll want to try and find a place that allows the rent to cover the repayments on the loan. So far when looking (this has only been a few hours) all the properties which have looked to be able to do this are in towns with tiny populations, increasing the risk of finding a tenant.
Any experiences would be appreciated. Even though I am doing a Business(property) degree at uni I am still very much a novice in terms of the practical side of property.