HI guys thanks for that, it was one thing i didnt know about!
In 2 weeks time i will have satisfied the 6 month live clause.
My goal is to make the property cash flow positive (even if that is only $10 a week ) with a time frame of between 2-3 years for a $50k capital gain.
Is this an unreasonable way to structure it? Weekly rent would be around $500 which would include costs (insurance, rates, water (it has tanks so this is negligable)) $10k deposit out of which will come legals and set up costs.
$400 per week (unchanged over the life of the contract) reducing the strike price of $385,000. Weekly rent to increase with CPI
This should make it easy for the tenant to get finance at the end of the timeframe as effectively they will have the 20 % ‘deposit’ required.
Does this make sense?
Cheers again