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29th February 2008, 01:27 PM
#1
Can we make Money out from Rental?
my hubby and i are looking at buying a property costing $600,00 and thinking of renting it out at $2,500 a month. We are thinking of taking a 80% loan from the bank over a period of 25 years old at an interest rate of 3%.
do you think we can make some money out from this rental? what is the bench mark of the rental so as not to be negative in terms of the bank loan.
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