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  • Profile photo of RichraahRichraah
    Member
    @richraah
    Join Date: 2008
    Post Count: 2
    November 26, 2008 - 1:10 am

    Thanks Paul,

    Mate, don't reply if I'm wasting your time with basics (Thanks again for first reply):

    I was just looking at your web site and saw a property for around $108K. I have been assuming the whole point of buying a property at this end of the market is to try and pay it off quickly and generate a income stream.  That said, the ANZ loan calc tells me that a loan like this would require repayments around $175 p/w which is $25 p/w over the rent. If I go interest only, I'm sure rent would meet expenses for an interest only loan but a property like this wouldn't have much property growth. So I guess my question is, how do you make money off a property like this?

    Man I feel dumb right now!
    :o)
    Rich

    P.S.  Any suggested reading to get the basics would be very appreciated!

    Profile photo of RichraahRichraah
    Member
    @richraah
    Join Date: 2008
    Post Count: 2
    November 25, 2008 - 2:22 pm

    Hi All,

    I'm extremely new to everything regarding property investment.  I sheepishly have to admit that I even had to google what 'CF+' even meant.  That said, I must ask, an apparently stupid question, of what makes a CF+ property? In the most basic example, is your loan interest only or do you pay interest, principal and all expenses with money left in your hand at the end?

    I am looking in to Bathurst right now and have no idea if I'm doing the right thing. Anyway, I'll do my homework and I guess I'll tell you in a few months time!

    Thanks,
    Rich

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