Search results

Re-read Euro's post, especially this bit: 1. Draw down 60-65K from equity. The 60-65K covers your 10% deposit ( 40K) your stamp duty( 12-15K depending on the state) your legals, building inspection and depreciation report (2K) and a cash flow buffer (10K )

With Euro's help, I'm about to purchase 2 properties in Orange. Using about 40k per property from a line of credit type loan against my PPOR, each property will generate about 10k CF+ as a result of the deductions and NRAS incentives. Thus a 25% after tax return on my investment over the next 10...