Hi Mini,

I’m amazed at the price you are paying for your investment properties. I live in a rural town and the rent is around $150/week tops and I am just about to sign a contract on a house for $71K which is quite cheap for the town, but doesn’t seem to pan out on the paper as well as I would like it too. I would love some advice.

morris[]
house 1

1) When you purchased your investment?
may
2) How much you paid for it?
27,300
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
110
5) What your net Cash Flow is
115 per week minus $11 per week management and
$1300 per annum rates and insurance.

house 2

1) When you purchased your investment?
june
2) How much you paid for it?
16,000 plus 10k renovation
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
95
5) What your net Cash Flow is
115 per week minus $9 per week management and
$1300 per annum rates and insurance.

house 3

1) When you purchased your investment?
july
2) How much you paid for it?
19,000 plus 10K renovation
3) What structure is the investment
buy and hold
4) What is the weekly gross rent
115
5) What your net Cash Flow is
115 per week minus $11 per week management and
$1300 per annum rates and insurance.

totals:
82,300 investment
12740 in my account every year AFTER costs
net cashflow yield – about 15 percent.

cheers-
Mini

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