Little1nz replied to the topic Novice getting started – help / advice appreciated in the forum General Property 10 years, 2 months ago
Hi Benny,
Thank you so much for your detailed response.
We have recently purchased the property so the value would not have changed, I think it would be worth $440,000. Minus expenses it would be neutrally geared.
If we have $100,000 equity in this property should we try & borrow against this property to buy another property or wait until we have…[Read more]-
Little1nz started the topic Novice getting started – help / advice appreciated in the forum General Property 10 years, 2 months ago
I have bought my first investment property in queenstown, New Zealand. The house was $440,000 we paid a 100,000 deposit, it’s rented for $600 per week, repayments for mortgage are $980 per fortnight.
Is this neutrally geared?
Positively heard?
I know the rent covers the mortgage but there are management costs, rates, insurances etc.
Where to from…[Read more] -
Little1nz became a registered member 10 years, 2 months ago
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