[MarkParticipant@markgslangJoin Date: 2015Post Count: 5]

July 22, 2015 - 8:23 pm

Thank you so much to all who have replied, much appriacted. Its good to know people are out there to help :)

[MarkParticipant@markgslangJoin Date: 2015Post Count: 5]

July 21, 2015 - 5:24 pm

The cash-flow is based on a 80% loan.

The area is good at the present time and does have potential to rise in value, how ever there is a bad area that is slowly building towards this area and may drag further “scum” into here, unknown what the future will hold

[MarkParticipant@markgslangJoin Date: 2015Post Count: 5]

July 21, 2015 - 5:18 pm

The property was brought 3 years ago for $380,000 and would sell for at best the same rate today, however i’d be purchasing it from my family at $360,000

At the moment the property is being rented to our family friends (unsure of amount but i know it is negative due to helping family friends afford it)

I will get some further details of rental yield and repayments off of my family when i see them next and reply shortly after

I know by statistics in the area im looking at only a $90 positive cash-flow return from rent after repayments, i know its good that it is positive but i feel it is very low

[MarkParticipant@markgslangJoin Date: 2015Post Count: 5]

July 20, 2015 - 10:28 am

Hello Jacqui, thank you for your reply.
I have given some thought over night and with what you have said i have decided that its best to purchase a property which i know can perform better

The family property hasn’t risen in value over the 3 years we’ve had it and the est. cash flow is about $90/month

Thank you for your response

Mark