Hi All,
New to the board. Have been negative gearing (due to income) for the last 5 years, but am seeking to diversify somewhat and get into some positive gearing.
A couple of questions for the those in the know…
1. What is the 11 second rule
2. What is PPORGood luck to all.
1. Steve’s filter for determining if a property is likely to be cashflow positive. Halve rent, add three zeros – should be your buy price. Take three zeros off purchase price, double – should be the rental achieved. Then do further due diligence on other expenses etc.
2. Principal Place of Residence – your home that you own (with or without the bank [
])Cheers
MelWhy 221d if you can upgraded to 1515, just a thought
Warm Regards
ChanDollars
[Keep going, you’re on your way to financial freedom]Very cute chan$
LK
Carve your own path and lead the way …
Thanks guys
I feel enlightened [
]Good one Chan. Had to think about that for a second [
]Cheers
Mel
])
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