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- DraconisV wrote:I would like some knowledge on this too. I posted this a few days ago in another topic in this forum but got no reply A cheap form of property with a high rental return (alot above interest rates/currently). Ok so they don't appreicate in value (but you have CF+) but do they depreciate (seeing as we are in financial crisis times)?? I just looked on findacarpark.com.au and I have looked on the sydney maps… 110 sussex street is for sale at $90,000. and under the rent section of the website the same place (110 sussex st) is for rent at $433.35/month which equates to 5200 per year. This means the return is ~5.8% which is lower than interest rates (currently?). Note this is the first one i looked at, so it might be low? But is this how it works really… buy the parking space (with borrowed money), collect rent, pay mortgage but still have some rent left over so CF+… don't worry about capital growth or captial decline cause you have instant CF+?????? Chris
I'm new too. But I think you don't buy it (all with the borrowed money).
To have positive CF, the rental has to be greater than the repayment, so assume the same
maturity for the loan, the more you borrow the more you repay each payment.
Then you need to work out how much you should contribute and how much to borrow, so that
your repayment will be smaller than the rental. Is it right??3ric
Can I ask if the official cash rate is 5.25%, what will be the rate of fix or variable home loan on the market?
is there a approx. figure say +2% or something like that?3ric
invest007 wrote:Hi Terry, It would be bought back at the original purchase price as car parking spaces don't really appreciate in value. I view it as a very high interest savings account.Hi invest
so does the car parking value always stay the same regardless of the market condition?
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