Little1nz replied to the topic Novice getting started – help / advice appreciated in the forum General Property 11 years, 10 months ago
Hi Benny,
Thank you so much for your detailed response.
We have recently purchased the property so the value would not have changed, I think it would be worth $440,000. Minus expenses it would be neutrally geared.
If we have $100,000 equity in this property should we try & borrow against this property to buy another property or wait until we have…[Read more]-
Little1nz started the topic Novice getting started – help / advice appreciated in the forum General Property 11 years, 10 months ago
I have bought my first investment property in queenstown, New Zealand. The house was $440,000 we paid a 100,000 deposit, it’s rented for $600 per week, repayments for mortgage are $980 per fortnight.
Is this neutrally geared?
Positively heard?
I know the rent covers the mortgage but there are management costs, rates, insurances etc.
Where to from…[Read more] -
Little1nz became a registered member 11 years, 10 months ago
Since 2001 | Total Members: 162,549
