Hi Dianne,

If 2 years is your timeframe then this sound more like speculating than investing. Don’t forget to take into account of the selling costs, account for at least 10% of selling price. Don’t forget your profit margin.

Using PIA for a quick check, with tenant paying $567/week, on 5.65% I/O loan, with let say 25% property expenses, this IP seems to be positively geared for the first 2 years at least.

Regards
Rodney :o)

Edited by – [email protected] on 31/05/2002 11:05:08 AM