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  • Profile photo of sydey99sydey99
    Participant
    @sydey99
    Join Date: 2008
    Post Count: 57
    March 30, 2010 - 5:16 am

    Hi Ryan,

    My goal is to find a property with the below assumption and have a return of $10/week after all expenses
    Assumption:
    Interest Rate @ 9% – Interest Only
    Mortgage :$200k
    Property Management Fee:$x
    Council Rates:$x
    Land Tax:$x
    Property Repairs:$x

    Property Income = Property Income – All Exp = $10/week

    Challenge:
    Will I be able to find a positive cash flow property which can pay off its monthly Repayments and give me $10/ week in NSW
    If I can achieve this challenge then I want to repeat the formula, experts please advice will my formula works or not. I don’t want to invent any new formulas but like to take one of your successful formulas which can match this concept and repeat them for positive results

    Profile photo of sydey99sydey99
    Participant
    @sydey99
    Join Date: 2008
    Post Count: 57
    March 30, 2010 - 4:26 am

    Thanks Guys for all the comments, i will try to find a property with block of land and keep you update with the progress

    Profile photo of sydey99sydey99
    Participant
    @sydey99
    Join Date: 2008
    Post Count: 57
    March 29, 2010 - 5:08 am

    Hi Everyone
    I also would be interested in attending a discussion group.
    I am based in Hornsby but like to travel to any part of sydney, plez add me to the list

    Thanks

    Profile photo of sydey99sydey99
    Participant
    @sydey99
    Join Date: 2008
    Post Count: 57
    April 23, 2008 - 10:00 am

    Thanks a lot for your comments, I will investigate around Hornsby area…

Viewing 4 posts - 41 through 44 (of 44 total)
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