sdrake replied to the topic To sell or not to sell in the forum Hi Jamie, 12 years 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 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.