Click on the link http://www.realestate.com.au/property-house-nsw-west+kempsey-116806983

Price 100K
Rent PW $210
Yield 10.9%

http://www.realestate.com.au/property-house-nsw-west+kempsey-116806983

Price 100K
Rent PW $210
Yield 10.9%

Cheers Dwight, good post

bm17

I phoned the agent.

Purchase price $115000
Current lease $210pw
Yield 9.5%

Cheers

BigVman

This is a property for investors seeking cash flow positive property. I discovered the property on realestate.com.au when doing research in the area. If it fits your investment strategy take a look.

http://www.realestate.com.au/property-house-nsw-west+kempsey-116806983

Cheers

Richard, the holding cost is $115 per week not $20 per week.

Cheers

Terry, after all holding costs are paid, each week the property pays me a passive income of $20 per week.

Jamie, say for example I purchase an IP which after all costs nets me $20 per week before tax considerations @ 80% LVR, is this the best possible result from a serviceability perspective.

Cheers
Matt

So in your own opinion, sell or hold to therefore move onto other cashflow positive properties. As they have holding costs surely from a borrowing and servicing point of view it would be better to sell and reinvest with the equity into cash flow pos property.

Regards
Matt

Am I able to service more properties being cash flow positive and running with the scenario I proposed???

How can you increase your serviceability???

Regards
Matt

It was directly through westpac. He wasn't,t able to tell me as they don't get a definitive answer through the system. I have had more than 3 queries in past 3 – 4 months.

Shahin, westpac were unable to ascertain why. I did however, get a print out of my credit file and have had about 5-6 hits in the past 12 months. I recently completed a restructure (refi deal), to release some equity and restructure my loans through NAB.  Because this was so recent within 6 weeks, do you think this has something to do with it???

Shahin, westpac were unable to ascertain why. I did however, get a print out of my credit file and have had about 5-6 hits in the past 12 months. I recently completed a restructure (refi deal), to release some equity and restructure my loans through NAB.  Because this was so recent within 6 weeks, do you think this has something to do with it???

Cheers, Derek, Jamie and Richard your insights are highly valued. I will assess my situation, get some data together and be in correspondence in the near future. RegardsMatt