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  1. E

    The myth of making $zillions by reno

    :p:p:p:D:D
  2. E

    The myth of making $zillions by reno

    loan of $20k @ 5.11% = $19.65pw IO. Rent increase of $70pw from reno. minus PM fees @ 13% and loan interest = $40.25 pw extra ahead cashflow wise from doing the reno as well as CG/equity gain. BUT, what is the opportunity cost of the original $20k? would it have been better spent elsewhere.
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