Recent content by tumeke
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MHB How Much Equity Is Needed for Buying a Second Property?
OK sorry if it was unclear. I should have included an example. House one cost 550,000 and I have to maintain 20% equity at all times. So 110,000 at current levels, 115,000 if the value rises to 575,000 etc. I want to buy house two for 600,000 and require a 35% deposit, being 210,000. If house...- tumeke
- Post #4
- Forum: General Math
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MHB How Much Equity Is Needed for Buying a Second Property?
Hello all - I am after a little help and was hoping I could find the answer here! A property is worth $550,000 and the bank requires 20% equity is kept in the house. To buy a second property (say $600,000 for arguments sake) the bank requires a 35% deposit. I want to calculate how much I need...- tumeke
- Thread
- Property
- Replies: 5
- Forum: General Math
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MHB Finding percentage required to break even
Hello there, I have the following set of data Wins 6 Losses 13 Average Win 14.33% Average Loss -4.47% I want to know how to figure out the maximum average loss at which I can still break even. I have tried a few different things but cannot figure it out...- tumeke
- Thread
- Break even
- Replies: 3
- Forum: Set Theory, Logic, Probability, Statistics