Total Members: 159,122

Warrior

  • Warrior replied to the topic A quiz to get you thinking… in the forum General Property 20 years, 3 months ago

    OK, so I’m a bit late in replying…

    But what is the answer, really? I work out the following:

    PP: 400 000
    + Costs 20 000
    Neg Gear 9 650
    Total 429 650

    Sell 438 000
    -costs 10 950
    Tot Sale 427 050

    Therefore 429 650 less 427050= 2600 (loss)

    do I get the book??

  • Warrior replied to the topic Loan Type in the forum Finance 20 years, 3 months ago

    From recent experience, P&I loans work well with a line of credit ON YOUR PRINCIPAL PLACE OF RESIDENCE, Int only loans are a good way to invest if you are on a med to high tax income bracket.

Warrior

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