G'day…
I have 2 IP properties that I have purchased in the last 6 months and am keen to purchase again in the next 6-12 months. Both properties are negatively geared and my partner and I pay approx $5800 a month Principle and interest, which equates to about $600 more than the minimum principle and interest monthly amounts. Is it best to now look for a positive cash flow property? Just trying to figure out how people with less income (my partner and I take $140k gross combined and have rent and bills paid by government) can some how afford to continue buying properties. Any good info would be great. cheers
tuggerwaughHi Tugger, you know the answer already. A well managed property portfolio needs cashflow to provide serviceability.
Happy investing
You must be logged in to reply to this topic. If you don't have an account, you can register here.
