My recollection of the 5% figure was a ball park estimate. I would say that it all depends on the condition of the property and the quality of the tenant.
I’ll check my notes tonight and let you know if I read anything different.
I think we met recently at Steve’s weekend seminar. How is the action plan going?
Unfortunately I can’t answer your question re the calculator but will be meeting with my mortgage broker later this week. He is a resourceful fellow so I’ll check it out with him and let you know if he has any suggestions
As a newbie to the forum, your suggestion Beck sounds like an excellent idea. I’m sure I’d definantly benefit from this new approach when trying to track down information/threads.
Thanks for the insight. Our team did have a plan, but as with lots of other people we got caught up in the frenzy and I think the plans flew out the window. I was a bit frustrated by the process on the day but once I had time to reflect on it on the Monday I realised that the whole senario was what one has to deal with out in the real world and that there is an attitude out there that you can make $$ out of property but you have to hurry or you’ll miss out, so consequently people rush into bad deals just to have some of those brick and sticks.
The exercise has equiped me with knowledge and strategies to move forward.Without lossing my hard earnt cash.
Hi Wilandel
I’m not sure where you are writing from but I use a mortgage broker in Canberra by the name of Stuart Green he runs Greenlight Mortgage. Phone number is 6259 0204 email: [email protected]
He is a great guy I stumbled across him about 5 years again. I trust him without reservation and deliberatly use him as a broker as he knows his products extensively.