Search results

Not sure - maybe it is the allure of getting into the deal with "no momey down", no need for saving up deposit, - i.e. that ideal something where you put no money into it and it generates cash..... Cheers, The Y-man

The main issue is you are assuming 100% loan. What if you bought the property with 80% loan, so repayments are $16.8k pa. Assuming 10% for management fess and another $2k pa on top for other costs, I think you'll find the rent required is about $400 per week. If you go for a 70% loan...