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  • Profile photo of contractcontract
    Participant
    @contract
    Join Date: 2004
    Post Count: 2

    You could buy properties like these!
    1st $130,000
    Rent $160 p/w = $693 p/m
    Repayments on $104000 loan @ 6.48%= $656 p/m
    Deposit @ 20% = $26000

    2nd $120,000
    Rent $140 to increase to $150 shortly = $606 p/m @ $140 or $650 p/m @ $150p/w
    Repayments on $96,000 @ 6.48% = $606 p/m
    20% deposit = $24000

    Vendor will even leave in $10k -$15k to help with costs etc..

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