How to Buy an Existing Property

If you look at this as an existing product, Holy hell. It's just negative. Watch that all that up too. So what's happened here now is you've had to use more of your usable equity and by more I mean double. Now, obviously you wouldn't do this but if you're going to make higher contributions, more than double here and have doubled the deposit requirements, then you're just by two new properties rather than one old property because it just doesn't make sense anymore. This extra $105,000 of cash flow input is solely going to the IRD,. It's just in tax.