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  • Profile photo of GuieseppeGuieseppe
    Member
    @guieseppe
    Join Date: 2002
    Post Count: 3
    October 13, 2003 - 11:38 am

    quote:

    Guieseppe

    Using a professional package with a discount off the Standard VR the payment would come down to approximately $185/ week.

    Whilst you stil have to cover the other costs if the property is in a good area and easily rented why not consider using the equity and purchasing a positive cash flow property. A bit of balance and diversification never did anyone any harm.

    [;)]Thanks for that advice, It is a possibility I didn’t consider.[^]

    Cheers Richard
    [email protected]
    http://www.fhog.com.au

    There is no such thing as a problem.
    Just a solution waiting to be found

    Profile photo of GuieseppeGuieseppe
    Member
    @guieseppe
    Join Date: 2002
    Post Count: 3
    October 13, 2003 - 11:36 am

    quote:

    Isn’t $125k over 25 yrs at 6.57% = $196 per week repayments. There are lower rates than this too.

    With a good accountant he should be able to get you some tax deductions as well.

    Wouldn’t this be positive, then.

    [^]Sorry it has taken so long to get back a reply. The property is slightly -ve geared and when I posed the question I guess I was thinking along the lines of about 10% +ve gearing. A small reduction on the loan will bring it in to positive but only by about $6 a week. My question perhaps should have been do I try to get it more like $20 a week?[?][?]

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