Sabbathen replied to the topic Question on tax and cash flow positive property in the forum Help Needed! 11 years, 7 months ago
Thanks Jamie,
No I would only be looking to borrow 80% of the purchase price to avoid mortgage insurance, I have the cash for deposit and closing costs.
Cheers.
Sabbathen replied to the topic Question on tax and cash flow positive property in the forum Help Needed! 11 years, 7 months ago
Rather than start a new topic I was hoping I could get some opinions and guidance on this situation to see if I am on the right path.
Using Steve's 1% rule I have started to short list potential cash flow positive properties but upon further inspection it seems I am still way off returning a profit.
Example below:
I can borrow at 5.54% so my 1%…[Read more]Sabbathen replied to the topic Question on tax and cash flow positive property in the forum Help Needed! 11 years, 7 months ago
Thanks for all the replies, this is a great forum.