Forum Replies Created

Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of alan1237alan1237
    Participant
    @alan1237
    Join Date: 2011
    Post Count: 5
    January 26, 2011 - 9:50 pm

    I just want to know a bit more before making the next investment…that's it

    Profile photo of alan1237alan1237
    Participant
    @alan1237
    Join Date: 2011
    Post Count: 5
    January 25, 2011 - 12:53 am

    And the loan is Interest only

    Profile photo of alan1237alan1237
    Participant
    @alan1237
    Join Date: 2011
    Post Count: 5
    January 25, 2011 - 12:52 am
    Jamie M wrote:
    Hi Alan Yes, if you increase the loan amount the monthly repayments will also increase.

    Thanks Jamie, but how much repayment rise we're talking about?

    I bought my IP 2 years ago @$370k and and had a loan with $300k.

    Now the value should be around $520k, so the gain is around $150k…  

    Profile photo of alan1237alan1237
    Participant
    @alan1237
    Join Date: 2011
    Post Count: 5
    January 24, 2011 - 11:52 am
    Jamie M wrote:
    Hi Alan

    Welcome to the forum.

    Only you can answer that question. Look at how much it costs to hold your IP at present and how much your new mortgage repayments will be. Combine those expenses with your living expenses and work out what you have left over.

    Are there any ways you can improve the cashflow from your IP? Is your IP loan currently interest only? Have you got a depreciation schedule? Can you increase the rent at all?

    Cheers

    Jamie

    Can you afford it?

    Thanks Jamie, as my IP value has gone up around 40% in these 2 years, just wondering if I am going to revalue this IP and take out some cash from the capital gain to buy some shares, will it generate more monthly repayment?

Viewing 4 posts - 1 through 4 (of 4 total)