sdrake replied to the topic To sell or not to sell in the forum Hi Jamie, 12 years, 1 month ago
Hi Jamie,
Thanks for your response. The LVR on the unit alone is at 72% but I also have equity in the duplex and when combined, the LVR is at 66% with a total of $345,000 in equity which isn't a small chunk of change and could go a long way to reducing a non-tax deductible primary residence loan. At what point is the LVR considered to be "too…[Read more]
sdrake replied to the topic To sell or not to sell in the forum Help Needed! 12 years, 1 month ago
Thanks Derek, cashflow is very important but I am comfortable with calculating that part of the equation. FYI, I receive $450 per week for my current property and expect to receive $380 per week if the unit was rented which is a conservative estimate based on similar rentals in my area.