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From: Greg Pennefather
Hi
This is my first post but I have been
following some of the great threads for a
little while now.
I'm hoping I can get a few pointers in
turning a negatively geared property
around.
I have a town house in Fremantle WA,
and it rents for $180/week. The mortgage
is $162k (interest only) and with land tax,
management fees, strata fees (only
$94/quarter, not too bad) etc it is costing
me about $400/month to hold on to it.
The location is good and I thought the
price I paid 18 months ago was
reasonable. So I would like to hold on but
I need to turn the property +ve or just get
out for a modest capital gain.
Any tips gratefully accepted.
Cheers
Greg
Hi
This is my first post but I have been
following some of the great threads for a
little while now.
I'm hoping I can get a few pointers in
turning a negatively geared property
around.
I have a town house in Fremantle WA,
and it rents for $180/week. The mortgage
is $162k (interest only) and with land tax,
management fees, strata fees (only
$94/quarter, not too bad) etc it is costing
me about $400/month to hold on to it.
The location is good and I thought the
price I paid 18 months ago was
reasonable. So I would like to hold on but
I need to turn the property +ve or just get
out for a modest capital gain.
Any tips gratefully accepted.
Cheers
Greg
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