to increase yield

hi all,

so i'm hearing that the new changes for serviceability is 7.5% and P&I that being said to help you be able to get more IP's would it be smart to include water / power into the rent? as it would show a better yield / more rent..

or is this pointless?
 
If they paid it as a regular part of the weekly or monthly amount yes it could work but if it's a separate amount paid sporadically then no.

I also think some states don't allow it either.
 
hi all,

so i'm hearing that the new changes for serviceability is 7.5% and P&I that being said to help you be able to get more IP's would it be smart to include water / power into the rent? as it would show a better yield / more rent..

or is this pointless?

The change would be a drop in the ocean. A lot of lenders place upper limits in acceptable rental yields and so if you inflate the rent too high it won't be accepted in either case.

7.5% P&I isn't actually the new changes, each lender has their own specific policy, buffer rates etc.
 
- Use a better broker, one who knows their way around
- Buy better properties, can't rely on dumb luck any more

My portfolio isn't as big as most here (but isn't small at 7) but this stuff hasn't changed my plans at all.
 
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