Mullsey started the topic New to IP. Looking at the 11 second rule, Golden Rule and 1.6 rule in the forum General Property 8 years, 5 months ago
I am new to IP. I am looking at IP to hopefully generate a passive income.
Having looked at these rules on different forums, unless I am missing something obvious I cannot see how you can get close to getting a +ve geared cashflow.
Using the Golden rule
Rent = min 1.4 x interest cost
If rent is $400 p/w = $20,800 then Golden Rule says pay max…[Read more]-
Mullsey became a registered member 8 years, 5 months ago
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