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Hey all,
just had a word with my PM regarding air cons,
The tennants are still requesting an aircon, but we'd agree (PM & me) it'll be a $10 a week increase. and she said she could lock them in for 2 years.
is this a good plan or is it too good to be true?
Using cash.
Why would I take it out of my equity and make my loan go backwards when I pay cash and that's it, its done. Haven't you heard the saying "cash is king" Seems abit backwards to me....
So it's a 30% cash on cash ROI in the first year.
Personally, I'd do it.
Whats roi????
What's the ROI with no cash in?