Originally posted by The Barterman:
hi Rayson,
It’s funny when i had no child (it took years to get one) i only had 1 IP & rented and we had good incomes, but struggled. Now i have a beautiful son a beautiful home 3 IPs(but selling 2) and make less than $50k but somehow survive??? I guess what i’m saying is your answers will show up, go be a…[Read more]

Thank you all for your feedback and confirming what needs to be done.

I guess I was hoping the Sydney market would pick up quicker.

You guys are great.

Thanx Heapz

Rayson

Originally posted by as41:
Rayson,

If you have $7000 t pay of PCM, and only half of it $3500 in rental incomce…. how are you paying for the difference ($3500 at least including expenses) on only $50K?????

Sorry this is not a pick but I’m just curious!!! [inlove]

Snowflake
My wife is working at present with a $40K salary.

Thanx Heapz

Rayson

Originally posted by crj:
If you want an answer you will need to be specific on costs, rents, amounts owing etc etc
Total Mortgage $1.2M repaying IO $7000 aprox pm.
Rental $3500pm.
Cost of living ? priceless.[biggrin][biggrin]

Thanx Heapz

Rayson

Thanks.I feel a little more comfortable knowing I’m not getting a John West reject site/price…..

Thanx Heapz

Rayson

Yes DrX, however, obviously the agent offers it to who they know before it hits ads……..

Thanx Heapz

Rayson

Definetly can’t be such law.
Sounds like you shouldn’t have a problem finding a tennant at that competitive rate….

Thanx Heapz

Rayson