Hi, we own 3 negatively geared properties & are now looking into buying a property with positive cashflow. The negatively geared properties have been good, i guess, for getting tax deductions & refunds, so how does a positive cashflow property affect the taxes? Wouldn’t it reduce your tax refunds? Can positive cashflow properties be as good as negative geared ones – and how?
Thanks, SophieSophie,
If your goal is to spend money to reduce tax then a pos geared property wont do that.
If you want to reduce your losses each week then a pos geared property will help there.
As RK asked, how many pos geared properties can you afford to own?
I think many people believe that pos geared properties are better than negative geared ones and the holy grail for others is pos geared with great growth!
Good luck in your journey,
Simon Macks
Mortgage Hunter
[email protected]
0425 228 985
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