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  • Profile photo of JenzzeJenzze
    Member
    @jenzze
    Join Date: 2011
    Post Count: 3
    September 11, 2011 - 4:20 am

    Hi All,

    Just wanted to thank you for taking the time to answer my questions even if it does mean I have to alter my get rick quick scheme.

    Cheers.

    Profile photo of JenzzeJenzze
    Member
    @jenzze
    Join Date: 2011
    Post Count: 3
    September 2, 2011 - 7:27 am

    Thanks Michael,

    Postcodes – 4717, 4474 and alike – probably no surpises there.
    Incomes – husband's income covers rent and is otherwised fully allocated to -tve geared property.  I want to have a +tve geared portfolio of my own.  The existing IP only costs me $4.5k pa.  I have 1 infant child.  My Income is only $1,700per fortnight until I return to work in Jan when it will return to $93K gross excluding super.

    Sorry to say, yes, you're missing something. $23k is the positive net income that the property will produce once all expenses have been accounted for.

    Many Thanks Again

    Jen

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