I want to be “Banker” !!
and have the groovy “plastic sports car”..
and 4 railway stations…
But your not +ve gearing.. you can only collect rent from someone landing on the property, then they go. so you would have a very low tenant occupancy rate, so in theory your -ve gearing and using the CGx made from selling the odd property (which isnt…[Read more]
Would it worth, keeping the rent as is until June 2004 (-ve gear). Then re-do the rental agreement, so it +ve gears from that point onwards…
if the current tenants leave because of the increase, then advertise for new tenants ?
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Regards,
Arty.
[] “Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)
Affordable Investment
$63,950 plus GST
4/4 HIGH STREET BAYSWATER
When price is important for a brick and montar investment, this small (4m x 13m approximately) shop adjacent to Video Busters video store and currently leased until 11 June 2004 at $375.00 per calendar month.
Its a vicious circle… either the area is just developed and you find most of the new owners are young families just starting out… then the area is populated with teenagers 15years down the track.. then the kids move out.. the parents stay and the area becomes full of older people, while their kids are out creating a new family life in a newly…[Read more]
I heard somewhere, that when you sign the contracts you need to insure the property. Technically between the time the property contract is signed till settlement the property is under 2 insurance policies, the buyer and seller. If the house catches fire, then its still…[Read more]
If the property bubble bursts, wouldnt that only effect Capital Gains on your investment.
It shouldnt affect passive income from tenants. Im more interested in creating a portfolio of tenanted properties giving me passive income for life, if the property is worth selling at a later date for a large CG then I may sell to roll the profits back into…[Read more]
..At least you wont have problems with car bodies being dumped in front of the house.. or pets ? .. or land rates … and if you dont like the location, you just sail on to the next available spot…. haha [][:0)]
Regards,
Arty.
[] “Why work to the age where you cant enjoy
what you have worked for !.” (Author: Me)