Forum Replies Created
- Originally posted by The Barterman:
hi Rayson,
It’s funny when i had no child (it took years to get one) i only had 1 IP & rented and we had good incomes, but struggled. Now i have a beautiful son a beautiful home 3 IPs(but selling 2) and make less than $50k but somehow survive??? I guess what i’m saying is your answers will show up, go be a dad if that is what you want and trust the money will take care of itself.
On the finance side, you may be able to wrap, or lease option some of your properties for positive cash flow. Also selling bits and pieces on ebay (a pain) but is a good option for stay at home mums & dads and can make you an extra $50-$200 p/w
When we becomes 3 you just find a way.
I
hope this helps,Good luck!
Cheers,
Don
Thanks for the inspiration Barteman
Thanx Heapz
Rayson
Thank you all for your feedback and confirming what needs to be done.
I guess I was hoping the Sydney market would pick up quicker.
You guys are great.
Thanx Heapz
Rayson
Originally posted by as41:Rayson,
If you have $7000 t pay of PCM, and only half of it $3500 in rental incomce…. how are you paying for the difference ($3500 at least including expenses) on only $50K?????
Sorry this is not a pick but I’m just curious!!! [inlove]
Snowflake
My wife is working at present with a $40K salary.
Thanx Heapz
Rayson
Originally posted by crj:If you want an answer you will need to be specific on costs, rents, amounts owing etc etc
Total Mortgage $1.2M repaying IO $7000 aprox pm.
Rental $3500pm.
Cost of living ? priceless.[biggrin][biggrin]Thanx Heapz
Rayson
Thanks.I feel a little more comfortable knowing I’m not getting a John West reject site/price…..
Thanx Heapz
Rayson
Yes DrX, however, obviously the agent offers it to who they know before it hits ads……..
Thanx Heapz
Rayson
Definetly can’t be such law.
Sounds like you shouldn’t have a problem finding a tennant at that competitive rate….Thanx Heapz
Rayson
