Matt replied to the topic Question on vacancy rates in the forum General Property 9 years, 7 months ago
Hi Benny,
Thank you, that makes much more sense.
Cheers,
MattMatt started the topic Question on vacancy rates in the forum General Property 9 years, 7 months ago
Hi All,
Probably a very basic question, however I’ve struggled to find a definitive answer on the internet that I’m comfortable with. I understand that vacancy rates are the measurement of time where a rental is vacant, however, I’ve noticed its measured in a percentage. In my first example, I’m using Glendalough, Western Australia 6016 on the…[Read more]
Matt replied to the topic P and I loan in the forum Legal & Accounting 9 years, 7 months ago
Hi Jamie,
I might have an interesting question for you.
I’m looking at my first propert ever and I’m targeting positive cash flow however because I only have 5% of the deposit together, right now even on interest only if I’m lucky I’ll make maybe 30ish bucks a month (depending on the ROI on the property). So I’ve been throwing the idea of:
Matt replied to the topic 24 year old first property in the forum General Property 9 years, 7 months ago
Hi JacM,
Thank you for your response.
Regarding your view on the large complex, if the flat is renovated with a newer kitchen etc, would this be more advantageous in your opinion if you were searching for a tenant?When it comes to looking for a suburb to look in, so there an industry technique or standard that good investors tend to use to find…[Read more]
Matt replied to the topic 24 year old first property in the forum General Property 9 years, 7 months ago
Hi Benny,
Thank you for your response. The reason why I’m thinking of paying Principle and Interest is because I want to have an LVR of 80%, then change to interest only. As a result, the repayments will be lower and the rent will be higher then creating positive cashflow. If I do pay the principle of in addition to the interest, am I able to…[Read more]
Matt started the topic 24 year old first property in the forum General Property 9 years, 7 months ago
Hi All,
I currently live in Western Australia. I have managed to get together a 20k deposit and I’m looking to invest. My long term goal is to one day replace my income so I can either retire early or work because I want to, not because I need to. My current salary is just over 60k
I’m currently reading from 0 – 130 Properties in 3.5 years by…[Read more]
Matt‘s profile was updated 9 years, 7 months ago
Matt became a registered member 9 years, 8 months ago