That's a bit like saying it's positive cashflow apart from all the costs.
* There's stamp duty on the purchase price so the total outlaid is more (say $300k).
* Let's say that rent is 6%. The agent will take at least 10% of this for property management. That's 5 weeks rent.
*...
What happened to his advocacy of wrapping or lease options to generate cashflow?
Some promoters change their strategies as often as their clothes.
It's simple for speakers to suggest changing tack frequently but neither possible nor desirable for investors with illiquid assets to do...
