From: Michael G
Peoples,
I would like to hear your thoughts on this...
Wrap house bought for $45k - 10% deposit = $40,500 loan. 30yr PI @7% = $62.18 per week
Wrap house sold for $65k no deposit = $65,000 loan. 30yr PI @9% = $120.69 per week
gross cashflow = $58.51
With these figures in...