teo me it just seems less profitable than the office block? i mean even if the office block only rented for 6months of the year it would pay 500*26 = 13000. i have no loan to pay back, and all income is profit instantly. and one would would expect it to rent at least 6 months per year? or is that unreasonable?

ok, i can get a small re, i only need a cently renovated two bedroom unit in coconut grove. It is very simplistic, but is only 325000. i need a loan then of 25000. which i would assume would be easy enough to get from the bank. i could rent the property for between 280 and 300. 25000*8%= 2000 + 3500 body corp n rates = 5500 in expenses 280*52=…[Read more]

Firstly i would like to thank everyone for there speedy response to my query. I am very glad i have signed up, and see that this forum is great access to a think tank of collective minds. i would also like to apologise for posting in capitals. Wasnt intended to be offensive and am a little embrassed that i have kind of got off on the wrong foot…[Read more]