Hi Folks
I’ve some questions about calculations of annual net cashflows…1/- everyone’s situation will be different, but the assumption in 0-130 seems to be that the loan amount always EXCLUDES the initial deposit. For those like me who need to draw on equity (via a line of credit)for the initial deposit, doesn’t that mean that I should also include the interest component of the drawn down equity into the “annual cashflows out” total, thereby increasing my annual expenses and decreasing any positive cashflow that may have remained? 2/- In the early days, did Dave’s & Steve’s cashflow for deposits come only from their already taxed net incomes or did they draw down on equity? Wouldn’t deposits from net incomes take a lot longer to save, resulting in delays in purchasing property?
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