[sydjfMember@sydjfJoin Date: 2004Post Count: 1]

January 13, 2005 - 8:41 am

I have read the same article and I am having trouble understanding how she is achieving positive cash flow if the average gross yield across her whole portfolio is 6.9% (my calculations). The last two properties she bought (Ferny Grove and Jimboomba) are earning only 4.66% and 4.4% gross yield respectively. I thought maybe she is relying on claiming fantastic tax depreciation costs to give her positive cash flow. I have talked to a quantity surveyer and he told me you should never rely on a T.D.S. (tax depreciation schedule) to give you positive cash flow. Does anyone out there have any ideas on how this lady might be achieving positive cash flow?