G'day ...trying to learn from all the experienced people here...
I am considering to buy my first Ip....based on expected rentals , I have worked out what my out of pocket expenses might be...all looks good.
However if interest rates drop...I will have a lesser dent in oop expenses and I will be even happier.
But then do rents too fall accordingly ?? Or can I keep the rents as they were when interest rates were high.
Besides interest rates and IP related expenses..are there any other expenses I should consider that would increase my oop burden significantly..??
Also are there other means that can reduce my oop expenses ?
I am considering to buy my first Ip....based on expected rentals , I have worked out what my out of pocket expenses might be...all looks good.
However if interest rates drop...I will have a lesser dent in oop expenses and I will be even happier.
But then do rents too fall accordingly ?? Or can I keep the rents as they were when interest rates were high.
Besides interest rates and IP related expenses..are there any other expenses I should consider that would increase my oop burden significantly..??
Also are there other means that can reduce my oop expenses ?