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  • Profile photo of navteknavtek
    Member
    @navtek
    Join Date: 2009
    Post Count: 3
    June 25, 2009 - 10:34 pm

    Hi Thanks for the reply. Any property that we buy would purely be for investment. Our primary resident will be the location where we have the free rent.

    Profile photo of navteknavtek
    Member
    @navtek
    Join Date: 2009
    Post Count: 3
    June 25, 2009 - 6:14 am

    Hi,

    After reading a lot of posts, I just thought that I would add a bit more detail to our situation

    Cashflow – very good, essentially we have very little expenses, no rent.

    Current Investment Property – very good location, worst house in the best street scenario, not really looking to renovate however we do eventually want to knock down the house and rebuild. Tenants are good and have signed a 12 month lease.

    Family Status – Looking at having kids late 2010/2011, so the cashflow will be a little less after that

    Mortgage – P&I loan, no fees, 100% offset account, variable interest rate

    Hope this helps.

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