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From: Mike .
LOSS OF EMPLOYMENT
From: RAY
Date: 6/9/00
Time: 11:10:53 AM
Hi, every one. Great forum. I have 2 ip, both going well. Had them 18 months, loan $300,000 i/o @ 7.30%. Both rent for $215 per week. Have postive cash flow and have had properties revalued which show capital growth of 12%. Would like to buy another ip.
If worst case loss of employment, would i have to sell or could i keep them even if had to go on new start allowance? Might never happen but interested if any one has had this happen to them thanks.
LOSS OF EMPLOYMENT
From: RAY
Date: 6/9/00
Time: 11:10:53 AM
Hi, every one. Great forum. I have 2 ip, both going well. Had them 18 months, loan $300,000 i/o @ 7.30%. Both rent for $215 per week. Have postive cash flow and have had properties revalued which show capital growth of 12%. Would like to buy another ip.
If worst case loss of employment, would i have to sell or could i keep them even if had to go on new start allowance? Might never happen but interested if any one has had this happen to them thanks.
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