Hi Rubbachook [8D]

I was just reading these tables this morning.
If you notice the correction at the bottom of the page it says that the last data printed was incorrect and they had to reprint the correct data in this issue, I dont know what the use of reprinting the old data is, as they will need to catch up at some stage.

Regards

It sounds like the brown paper tape in the corners maybe bleeding through the acrylic top coats you are putting on the walls. When you apply the acrylic paint, the water in the paint will draw out the staining. The same thing occurs when you paint over smoke damage, niko pen or timber that contains a high tannin content like hardwoods with…[Read more]

Sorry just testing before.[^]

What part of the property is leasehold?

I am assuming it is the land not the building that is lease hold.

This means you do not own the land you lease/rent it.
A lease may be for 99 years or more.

When the 99 years is up and the owner wont renew the lease you will need to call in the house
removers and move your…[Read more]

aaa

Hi Richmond,

20 properties is a huge committment to maintain and would almost be a full time job. I wish you well.

I have two cash flow positive commercial properties, one returns $ 24,000 per year and the other $ 28,800. They are both retail shops.These provide great income but the capital gains are linked to the amount of rent I receive. An…[Read more]

Dont ever sell that property, you are currently receiving your increases in property value capital gains tax free, you will never be able to buy another property capital gains tax free.

Borrow against the equity in that property and purchase another income producing property.

Positive cash flow residential property will never keep up with the…[Read more]

Hi Fullout

The Intrest only calulation is
$74700.00 x 6.11% = $4464.00 divided by 12 months
which equals $380.00 per month.

You are still paying intrest to the bank regardless of which loan you have, IO or P&I .

You will pay a little more intrest with the IO loan because:
A – the intrest rate is 0.11% higher and
B – you are not reduceing the…[Read more]

Hi Fullout

The property you decribe doesn’t sound positively geared to me. Please check the numbers below and insert the your own figures to suit. This property is going to cost you approxamatley $114.00 per month out of your own pocket just to pay the intrest on the loan and the costs associated with owning the property.

With an intrest only…[Read more]