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Picking good rental return properties is easy. I have a big excel sheet i created to do that. Plus i think its common sense when picking a location other people are likely to want to live. Its the capital growth that is a big mystery to me. Almost like buying a lotto ticket!
In Perth. The company I am looking at only does WA. They also have inhouse mortage broker, investment planning etc. They say they do not sell property for anyone.
I havent even looked at other BAsHow can it be the same outcome when you are giving the banks an extra few years of interest payments….or are you saying that becuase the tennant is covering the IO payments thats why your not worse off…?
When subdividing, would you be better off just selling the new block, or building first? Considering the time it takes to build, and the $ of the building loan…
I actually remember coming across this last week on one of my many hunts for information. The article relates alot to PPOR, of which we do not have (living rent free in a family home – alone!).
Also, is it just assumed by all discussing IO that it will only be for 5 or 10 years, After which you start paying P&I? Or are people doing IO for longer than that?
I am considering there way be some value to go IO for a few years to ease any financial pressure in the pursuit of buying a second IP…So what your saying is that you are paying for the advice and guidance (as opposed to thinking about lining the big 4's pockets!)
Does anyone else agree with wren10 { unless the rental return (pw) is equal to the purchase price (minus the zeros) }?
That would be 5.2% gross. Is that a good figure to aim for? What about net %?How do you advertise for tennants? The main websites only take listings from agents…