Invest and Gain: Turn a Negative Property into Positive Cash Flow
1. Make Investment and Gain
My parents had built a house with great expectation and wished that we
both brothers should live there, but we got good jobs away from there and
we took our parents also with us. The house my parents had built so
affectionately was converting into a negative gearing one without anyone
to use it.
Though our parents didn’t tell anything, we were sure that they were afraid
of their property being ruined without anyone to take care of it. We then
decided to give it on rent so that the property will be well taken care of and
income is also generated.
As a result, we got in touch with Paul and Karen and arranged to give the
property on rent. They found the renters for us within month of giving them
the job. We didn’t get a chance to complaint about the renters as the
property was well maintained and amount was also deposited in our
account on regular basis.
My parents, though not satisfied in the beginning, were very pleased with
this decision of ours as their worry of the property being negative gearing
one and being ruined was solved and they felt relaxed.
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