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 BUYING PROPERTY BIGGEST Mistake, Dont do this!

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Zoopdiidoo
post Nov 21 2018, 09:45 AM

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Renovation to a house is shit...
now i wanna move house my built in stuff cannot move.
debonairs91
post Jan 6 2019, 01:37 AM

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QUOTE(goodiemangold @ Nov 20 2018, 11:51 AM)
I hope everyone thinks like TS. so everyone will be tenant helping to pay mortgage for house owner.
Losing 14400?
From my rough estimation, if it's 800k in 10yrs, she would have made ~50k. Not great, but it will be a 60% cash on cash return.
For landed though, u should be expecting 30-50% appreciation in 10years at least
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my case cash on cash return is how much after 10 years?

550k property
d/p 50k
total mortgage 120*2500 = 300k

let's say selling price after 10 years is 700k net

loan balance 430k
total rental 120*1400= 168k

QUOTE(zephyrus9999 @ Nov 20 2018, 12:04 PM)
Dude screw the roi.
Calculate the annualised return in %.
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how to calculate?
differ
post Jan 6 2019, 01:44 AM

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This logic.... win all.
TSempire
post Jan 6 2019, 01:53 AM

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Yup... amazing point from TS. I agree.
malibuchong
post Jan 6 2019, 01:58 AM

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QUOTE(squareballs @ Nov 20 2018, 11:24 AM)
now 650k house, after 10 years 800k only?

if after 10 years the house price become 1.2 million. how a
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let the stupid be....!
TSempire
post Jan 6 2019, 01:59 AM

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QUOTE(malibuchong @ Jan 6 2019, 01:58 AM)
let the stupid be....!
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yup, we let you be! rclxms.gif
malibuchong
post Jan 6 2019, 01:59 AM

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QUOTE(differ @ Jan 6 2019, 01:44 AM)
This logic.... win all.
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no wonder his friend have a landed and he dont...lol😂😂😂😂
TSempire
post Jan 6 2019, 02:05 AM

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QUOTE(malibuchong @ Jan 6 2019, 01:59 AM)
no wonder his friend have a landed and he dont...lol😂😂😂😂
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you are wrong biggrin.gif

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