quote:
Hi again redwing. The loan repayments on $270000 is $15,900/yr or $305pw. So there goes any profit. Add that to those management costs and it becomes a -ve geared property. Here’s the figures:

Purchase price 270000

Initial cash spent to aquire prop
Deposit 0
Closing costs 13500

loan
Principal 256500
Type Interest only
Term…

[Read more]

quote:
Hi again redwing. The loan repayments on $270000 is $15,900/yr or $305pw. So there goes any profit. Add that to those management costs and it becomes a -ve geared property. Here’s the figures:

Purchase price 270000

Initial cash spent to aquire prop
Deposit 0
Closing costs 13500

loan
Principal 256500
Type Interest only
Term…

[Read more]