Hi KayTea We decided to hold on for a couple reasons - original DD showed a lot of infrastructure investment & population growth in the area which...
You're right ! It did take a lot of effort and cost to purchase it in the first place ... I think I will lower my expectations, accept that it...
Fair point but easier and cheaper to get out of dud shares than dud property
Probably ...only had a 3 year IO period - didn't have the best broker at the time and being new to it all I didn't question it ...can maybe extend...
Thx David ...To be honest originally planned as a simple buy and hold that would largely pay itself off over time (as it's only slightly negative...
And if the choice was to cut n run and use funds for say debt reduction rather than invest elsewhere ? Would you still sell ? My dilemma is I...
Not sure maybe 3-5% pa .. is that crazy???
Val just came in at $340, LVR at 88% and now on P&I so I can either cut n run with a break even scenario if lucky or just hold and build equity...
Just to say I find your posts VERY informative and never get tired of reading them because they articulate, well written and supported with...
ok I'll bite ... supply will meet demand (give or take) in terms of population growth but wanting something is different from actually being able...
Wasn't President Bush saying how stable the economy was the very day before the crash ??? Pretty sure Ireland masses had their head in the sand as...
I have been reading this thread with interest, there are so many really well written posts here supported with fact and references, its quite...
In Sydney you need a million .... for pretty much anything
Leveraging equity can only be a consideration if LVR is sitting at 60% otherwise double lmi kicks on
Bought a 4/2/2 bedroom home in Redbank Plains Ipswich in Sept 2013, 5 years old for $315. Holding costs after tax slightly positive and we have...
Am in Same place - will likely have to take a hit with a property that's costing us money and has no- min growth prospects for next 5 years - my...
Brilliant thanks so much, am on to it now.
I know the feeling and I really empathise and my heart goes out to you, its a horrible horrible feeling when the risk in property actually happens...
Thanks, that sounds good. Although there are some really nice streets and not so nice streets (like most suburbs I guess), it also just seems very...
I like you thinking !!! You have articulated what's been circling in my head much better than I could - pay down loans to the point tenants are...
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