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Another age old question here is, should you use the purchase price, or the current valuation when working out yield?

Net yields are so subject to personal circumstances. None of my properties have an LVR above 0%, i have net yield of, let's say 5%. Another investor with 100% LVR will have a net yield of - 2%, on the same property. My property could be twice as bad as the 100%LVR person and still look...