MikeKavanagh replied to the topic A Deal… Too Good To Be True? in the forum The Treasure Chest 22 years, 7 months ago
Okay. This is a positive geared property. $50K loan runs to approx $355 p/m, so that puts you about $130 p/m ahead.
Questions:
a) Why would someone want to pay that sort of rent rather than buy?
b) What is the employment like in the area (regional Victoria doesn’t exactly abound with job opportunities)
c) What is the anticipated capital growth…[Read more]