ah ok cool cool that makes it better than the .05% haha :)
one day ill know what im doing
what i dont get is doing that im getting a yield of 6.32% but costing me more in repayments so im at a negative cash flow
after depreciation and deductions etc could it turn into CF+ ?
also does anyone...
There's gross yield and net yield. Gross yield = rental per year / value of property. Net yield = rental per year minus property costs / value of property. Obviously net yield is lower than gross yield as it is the one that goes into your pocket after costs.
so if i bought a house for 189k...
Yes it is cross collateralisation but that's not always a bad thing. Depends on whether it helps you afford something you normally couldn't. However I do try to avoid it if you can.
what implications do i have if i go to sell it?
how low should i get my LVR before purchasing my second...
wow theres hope for me to be a millionaire yet!!
since im just new to the game (first home owner for about a yr now) and previously bought a block of land about a yr before that
between the two i have a total loan balance of 128000k owing (with about 30k in the offset account covering my block...
