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...trying to convince my parents to buy anything.....i think they like the idea of being an investor, but they just don't have the balls
My friend, if that were true, you wouldn't be here.
after ITWV and depreciation they were CF+ by about $20 a week
cop it sweet at preservation age (3 years away) when he tries to draw on his non-existent super.
Aaron, you don't see a problem here do you?? In 3 years time, if he decides to retire, then the property will be a cash drain for someone with limited income at the time. There are no guarantees that rents will go up, if the economy tanks they could go down. There are no guarantees that interest rates will not go up either, making it more of a cash drain.
bye
That might be the best thing you can do for your Dad.Hopefully when I start having kids in the next couple of years he might see the light