Search results

E grade tenants with a pretty low WALE in a high risk location = Yuck! pinkboy

Aha, I stand corrected. I saw $1300 income. My point still stands that you will be paying P&I on the borrowed portion of the loan anyway, as it's not optional, and a much shorter loan term of 10-15yrs anyway. With regards to Land Tax, again without the lease it would be hard to determine...

You would only pay a whooping ~$26k off the principle in your quoted scenario. Using round numbers: $1mil PP, 6% IR. Income: $67,600p/a Interest: $60,000p/a 3.5yrs: $26,600 off the principle. Again, very round numbers not taking into effect of the compounding decreasing rate of the...

I think the good looking gent in post #4 touched on that SNM! :D pinkboy

I've been advised to base my calculations on 65% LVR, 15year P&I term. Obviously there are variations dependant on your own circumstance, but this is my staple calculation. pinkboy.

(Heresay) Heard lending on fuel stations was <60%LVR if lenders even consider. Other long term considerations are: tenant moves out, you might be left with a block of 'contaminated' land. How long will fuel stations be around? Technology is progressing all the time, and fossil fuel might...