It’s been a while since I got 2% on a mortgage (like never) – still, if you can get 2% and can get a IP at $177K rented at $295, that would give you 8.6%; or if you paid $265K at 8% then the return is around 5.7%.

So, as I said in my original post “Not great but not too bad in the…[Read more]

I think you will find it is still the best rule of thumb to ensure you are cash positive.

However as some of my investments in the current climate are not this way – I use another variation – which might be considered the 11.578 second rule.

$rent / 2 x $1000 x your best bank interest…[Read more]