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  • Profile photo of WarriorWarrior
    Member
    @warrior
    Join Date: 2004
    Post Count: 2
    July 24, 2004 - 3:08 am

    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??

    Profile photo of WarriorWarrior
    Member
    @warrior
    Join Date: 2004
    Post Count: 2
    July 24, 2004 - 2:26 am

    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.

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