Milkman replied to the topic Rents in the forum The Treasure Chest 20 years, 8 months ago
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] Thanx Guys/Girls, I will put that into my search criteria. I just didn’t want to depend on the agents estimation as R2 said that they are the ones trying to get you to buy the property.Thanx again.
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Milkman replied to the topic 11 sec rule, I understand but there’s more… in the forum The Treasure Chest 20 years, 8 months ago
R2,
For a start the Bank will only lend you about 80% of the value of the property, so you must come up with the additional 20% to 25% yourself via additional finance or cash.
If the costs of the property (interest, rates, insurance etc)are greater than the payment you receive (rent) then you can only claim the negative difference from the…[Read more]
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] Thanx Guys/Girls, I will put that into my search criteria. I just didn’t want to depend on the agents estimation as R2 said that they are the ones trying to get you to buy the property.
