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Roughly speaking $5000-8000 deductions so about $12,000 cash flow positive income, not too shabby and you have accumulated 3 properties. Repeat this and you start creating an income stream, sell 2 keep one and income will be greater.

What can I say.... you have your priorities right, partner first:) All the best

Yes, you get the property re valued and use the equity, however you want to make sure you have enough to proceed, as this is where some developers come unstuck. Also check SS if you do not have a good broker as this will help a great deal, I use Aaron C

Sanj is one smart cookie and hit the nail on the head. I just want to run through the numbers, and obviously I may be out a little, however I think I am pretty close. Current Loan Spearwood $392,000 (80% cost - $490,000) Approx Building Cost turnkey - three (3x2 units)...

There are many ways to move forward but it will depend on funds and what you are comfortable doing at this point in time. Sometimes you have to crawl before you walk.:) One option would be to develop your property in Spearwood, if you have the funds to do this. If you were to build 3 you have...

I think you may find that your property is now worth over $600,000, they sold R40 recently on 728 sqm block for $600,000 as your block is much bigger should be worth more:) Happy Days I am currently getting plans and permits together for 3 unit site, I have an R60 742 sqm in Spearwood. Have...