Hi. I'm considering buying some IP and came across Helidon using the RE.com.au website. I'm concerned though that the yields are not high enough to make it cashflow positive. Would a pw rental yield of 7716.1% (~$360k) achieve this...? What do you guys think? (snickers)
Thanks Alan! I'm concerned that they mean gross yield only and not net yield. Do you think a $360,000pw return would cover ALL expenses? Possibly negatives: - capital gains don't look that good - rental income needed is around 3-4 times the rent so I just need someone who makes around 1.5 million pw. So I just need a CEO in Helidon.
Sorry was feeling very silly yesterday, and thought I'd have some fun with it. Just goes to show you can't use just one source for research. Pretty strange that RE.com.au can get this so wrong and still not fix it.
At first I thought you were some kind of idiot ... But now I think this is the funniest thread on PC to date !! I LOL'd at work
There a few other threads which you can laugh at...namely ones with a certain member posting OTP questions over and over and over again. ...that makes for a good laugh too...some say he's a troll, some say he is dead set serious....who know's....
He asks about OTP in just about every new estate in Sydney....then he started asking about every new estate in Brisbane. He hops around different areas alot. He also likes to post links l....alot of them, sometimes in the same post. Apparently he also finds REAs a reliable source of informaton.