My mistake in the earlier rent return. Maybe need to crunch my numbers again

Jay

The property is $225K. Rent per week = $275. The managment fee is $1144pa however am contemplating managing it myself as it is near where I live, Rates = $1350pa and Body Corporate $2600pa. Insurance $750
The building is only 4.5 years old so I have factored Depreciation – buildind write off of $3848 and Plant & Equip $5700 for the first…[Read more]

Thanks Dazzling

I somehow thought there was alittle more to it than that.
I do remember my year 8 grade maths

Thanks Derek. I could do with incresing my cashflow for invetsing. My goal is to replace all or at least most of my current income through property which will help me pursue other career goals. I don’t want to be in my current field for too much longer and have a business idea I would like to get off the ground however would like to have a steady…[Read more]

Thanks Eric & Derek for all this very valuable information. Your points are very valid.
Derek, to answer your question, – no kids likely in the near future. My current mortgage is I&P. I will definitely look into the Interest Only for this property. Although I had thought about future repayments for new loans to be set up as Interest only, it…[Read more]

Thanks Guys. Very valuable ifnormation

Thanks Steve. I’l certainly look into this

Thanks Shelley & Terry. Will look into this further.