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From: Tim New
Hi,
I have been a property investor for three and a half years now and am the proud owner of two units.
Some thoughts:
The second unit was purchased through a well know property investment agency who informed me that my unit would be "positively geared" i.e. making money - in consideration of the tax refunds and depreciation schedule etc. Their spreadsheet showed this to be true.....However, it is at odds with my moderately educated calculations and also with the PIA software outcomes (which incidentally I prefer to believe!). I would just like to gain some confidence in my investment and would like to hear some thoughts on what a good IRR should be.
Thank you,
Tim.
Hi,
I have been a property investor for three and a half years now and am the proud owner of two units.
Some thoughts:
The second unit was purchased through a well know property investment agency who informed me that my unit would be "positively geared" i.e. making money - in consideration of the tax refunds and depreciation schedule etc. Their spreadsheet showed this to be true.....However, it is at odds with my moderately educated calculations and also with the PIA software outcomes (which incidentally I prefer to believe!). I would just like to gain some confidence in my investment and would like to hear some thoughts on what a good IRR should be.
Thank you,
Tim.
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