Hahahaha.

[Doctor Jeff]

Originally Posted by Beastagoog [You must be logged in to view images. Log in or Register.]

I've broken this down before for the low iqers.

If you have a property. It can have the capacity to house say 3 different tenant, usually asian uni students. ~4 year tenancy periods.

Your taxes, mortgage, upkeep etc say equal 500$ per week...and you rent those spaces out indivdually for 250$ per week. That means you are making 750$ per week. Less the 500 for upkeep/mortage = 250$

This is called positively gearing a property.

You buy a 2nd property....its upkeep is 400$ per week...you put that 250$ left over on to that.

You are iut of your own income then paying 150$ per week to own and pay off 2 properties.

IT. IS. NOT. ROCKET. SCIENCE.

You just have to be 1. Intelligent enough to be employable 2. Have the brass to do it.

Or you be a dumb dumb and pay 500$ out of your income per week to pay off 1 property.

Some people buy 2-3 properties than go rent a room themselves and have all 2-3 pay themselves off for 10 years them roll both in to one house and not have a mortgage for the rest of their life.

is $500 really more than a day's salary in your country?