It would seem that you are paying $2k per month in P more than the properties earn - therefore $24k/yr. (Not $44k but many wouldn't see $24k as slight either.)
Not viable if you don't have $24k/yr to spend (assuming no maintenance and I find all my properties (even the nearly new) require something during the year and tradies aren't cheap).
I have no problem with the approach, just not the one I would use. I just pay all the money that I'm not using into the company (one way or another). My $0 to $4mil equity took a bit longer (10yrs) but it did get there.
There is no 'one way' to get there.
Interesting you mention the increase in equity - I though market value was irrelevant from what I remember reading in your books?
Not viable if you don't have $24k/yr to spend (assuming no maintenance and I find all my properties (even the nearly new) require something during the year and tradies aren't cheap).
I have no problem with the approach, just not the one I would use. I just pay all the money that I'm not using into the company (one way or another). My $0 to $4mil equity took a bit longer (10yrs) but it did get there.
There is no 'one way' to get there.
Interesting you mention the increase in equity - I though market value was irrelevant from what I remember reading in your books?
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