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Thanks Marc for your clarification
I’ve recently picked up a book by Margaret Lomas and realised Steve’s def. is a little flawed
As for DaveA, you need to know the purchase price, rent return as well as the possible on-paper deductions u will be entitled to to work out if the property will be +ve CF. There’s a calculator on the website http://www.destiny.net.au to help u with all of that. I’m just about to check it out myself
Hope it’s useful!![laughing]
Can u still use this shared equity product if your total borrowing does not exceed 80% LVR? e.g. 60% from the bank 20% from super fund
Another Q is do u have to repay both the bank and super fund at the same time? or can you choose to repay the bank first?[oneeyed]
Hi Marc
I’m a newby so if what I say is incorrect or doesn’t make sense I hope u wouldn’t mind.
I’ve read Steve’s books very recently, and from what i gathered, his definition of positive cash flow properties sounds a lot like ur positively geared property definition, and what you call positive cash flow property sounds more like a negatively geared property by Steve’s definition.
Doesn’t a positive cash flow property need to make money from day one instead of through tax refund?
confused…….
