Can you give some more detail please, like how much deposit or so, interest rate, term of loan, whether the property will be I/O or P/I and is there any depreciation claimable.
Just on figures, im guessing probably neutral on a I/O loan. Though this can change again with more details.
ok guys, i will admit i was a tenant back in college…
at the time i was renting a room for $50 pw, yet the people who i payed rent to, were very nice people, there was times they gave me free rent for doing odd jobs around the place and for some reason they would bring home goodies, to us student tenants.
While the whole time i was there, they never up the rent, only the new students they increased the rent before they moved in. Great guys they were, they looked after the students very well.
So I have to ask the question, do cash flow positive properties still exist?
+ve cashflow properties still do exist, though for the many who are getting loans at higer interest rates, its is much harder for them to find +ve cashflow properties that fall will fall inline in how their loan is serviced.
If you got a deposit available, you should be able to, turn some properties into +ve cashflow.
As long as you havent lived in your IP post July 2000, you are still eligible to have the FHOG. Though if you do acquire another property, for the sake of your own PPOR, make sure your partner, has has no interest in property pre July 2000 or has had interest in her own PPOR or with someone else, which binds her to having interest before.
A simple due dilligence can be, a builders/pest inspector report, talking to locals, asking further more questions with the real estate agents. Or even a quick search about the area on the interent.
Even just talking to the locals, you learn so much.
Dogs are honest and faithful to those they love but they tend to worry too much and find fault with others. They make ideal secret agents or business people.
Famous people born in the Year Of The Dog:
Shirley MacLain, Henry Cooper, Slyvia Sims,Dolly Parton, Liza Minelli Jane Asher
Hey’ this is pretty dam accurate…[:o)]
Here is the link to find out what Chinese Animal Sign you are and what they say about your sign.
1975 Year of Rabbit.
Rabbits are affectionate, co-operative and pleasant, with lots of friends. But they can get too sentimental and seem superficial. Ideal careers areas include law, diplomacy or the stage.
Famous people born in the Year Of The Rabbit:
Germaine Greer, Neil Sedaka, Francis Ford Coppola, Nanette Newman