Alexmartin
Registered User
- Messages
- 61
And that doesnt even take account of the scenario that when the mortgage is paid the property is all his.
Phenomenal.
I think he calculated yield in the normal way at about 9%,
I understand where you are coming from about gearing. Nothing new there.
. If he has a home loan at SVR, he would have been much better to use his "rent" money to pay it off. If he has no other borrowings, he may have been much better to put the cash in the stockmarket.
You need to know buying property, borrowing money and dealing with tenants. These are three different things.
I'm not slating your figures or anything, just curious.
Is there a reason that you include Contingency as deductible against profits for tax but not as an expense when calculating the profit itself? It impacts the figures for the above, theoretical, scenario significantly.
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