hello everyone,
Now i know this will probally sound familiar to the experienced out their but i was wondering.........
If i bought my first ip , remembering how traumatic it was for you .... you know who you are !
If it was well bought with a yield that after a reasonable deposit bought it to a positively geared property say...... $90 000 house, rent of $140, and a deposit of $20 000
would that be a good way to dip the toe in the water or am i barking up the wrong tree.
I understand that this is primarily a physcological way to get into the pond but am i wasting time and money? and am i right with my sums?
O.K. i know, no more questions for now, did you know i was new here?
Thanks, 'Dook'
Now i know this will probally sound familiar to the experienced out their but i was wondering.........
If i bought my first ip , remembering how traumatic it was for you .... you know who you are !
If it was well bought with a yield that after a reasonable deposit bought it to a positively geared property say...... $90 000 house, rent of $140, and a deposit of $20 000
would that be a good way to dip the toe in the water or am i barking up the wrong tree.
I understand that this is primarily a physcological way to get into the pond but am i wasting time and money? and am i right with my sums?
O.K. i know, no more questions for now, did you know i was new here?
Thanks, 'Dook'