hi, with the increased interest rates i would suspect that it is harder for the average person to buy a house. So would this mean that buying an positive cashflow property is even wiser now to cater for those needing to rent? I know obviously as the owner of the +ve cashflow we are paying higher rates on loan but the fact is that it will still return positive hence hasnt dented the fact its +ve return. I have previously posted of whether i should buy a house to live or for invest first however i think i have convinced myself to look for a +ve cashies first as i will probably live overseas in couple of years (not settled) and with rising interest rates my lifestyle just would suffer with extra repayments. Anyone who is in the know let me know whether they agree
Ricky[8D]
cheers
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