Thanks for the opportunity,
I have just completed for the first time in my life a personal cashflow for the previous 2 years and had negative balances every month. Any tips on how to turn this around.
Hvae a good day
You are not alone. My wife wants nothing to do with investing in property. She wants to own the property and she used them for a bragging right one day against someone she didn’t really like who was giving her the <edited>s about them bragging about what they had.
She is extremely good…[Read more]
Thank you for raising my awarnes about the landlord insurance. I actually did have a vacancy in a unit i own in cairns. i asked the insurance company just then about a claim for a month of vacancy between leases and they said NO. So the expense relating to vacancy allowance stands. What…[Read more]
Definately have the investment properties in a different loans to your principle place of residence. The deposit amounts will be added to the loan against your existing ownerships. I guess you can account for this and that section of your loan can be dedicated through your accountant for…[Read more]
The insurances actually covers building insurance in case the thing gets blown away, public liability and stuff like that. The repayments are based on 7.3 % interest only. I have no deposit I am equity based, I have no tax advantage I make no money. This all very well but I have been…[Read more]
danandang replied to the topic **PropertyGuru**&S.I.S New Positive Cashflow Rule! in the forum General Property 15 years, 5 months ago
What I have done is develop a comparison page set ou as below
Total out goings
Net Income (Loss)
Net income /…[Read more]