Tag: renting out your property privately

Will you make money on your rental property?

Expenses amount
purchase price $500,000
Land transfer tax $6,475
Legal fees $1,695
Down payment (20%) $100,000
Mortgage amount (amortized over 25 years) $400,000
Mortgage rate 4.5% fixed
Total mortgage interest over 25 years $264,168
Property value appreciation (annual average)

How to refinance a rental property

How to refinance a house you're renting out

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Refinancing isn’t just for a primary residence. If you have homes you rent out, or other types of investment properties, changing the mortgages on them can be beneficial.

Refinancing your rental property can lower your monthly carrying costs,