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  1. natmarie73

    Who lives off rental income alone

    Most definately - I don't disagree although the sort of jobs where doing overtime will increase your weekly take home pay are usually lower income jobs unless you are a contractor. I'm just saying that the official "average wage" would make it very difficult to save a large deposit in such a...
  2. natmarie73

    Who lives off rental income alone

    I don't know about anyone else but I'd like to know what Nikolina considers to be an "average wage" because when you really crunch the figures using an average wage say of $40,000 after tax then it would take quite a while to save a large deposit even if you are living at home. My salary is...
  3. natmarie73

    Who lives off rental income alone

    Slim, At the moment I am cash flow positive with a bit left over but I certainly wouldn't be able to live off my rent unless I could get my expenses <$200 per week. I have an offer on a property where I live that if it all goes through would allow me to not have to work but I would probably...
  4. natmarie73

    Who lives off rental income alone

    If I buy the property I'm about to look and if it rents for the same amount as other properties in the area then I will be able to live off net rent of about $1000 per week not including tax if I choose to (which I don't at this point in time). I'd much rather put all my spare cash flow into...
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