I have a house valued at $300,000 and owe $80,000. With prices of houses of today in Bendigo Victoria I am finding that the rent would not cover the repayments on houses, does this matter to get started or do I keep looking. I have every intention of building a empire, but I am going around in circles with a accountant who believes more in shares. Help.
wealth
It depends on your current situation other than the house equity and also what your goal is.
For starters, I would change accountants.
Cheers
MelWealth
Perhaps, it could be that your accountant doesn’t receive anything out of you investing in property.
Another thought is to buy in town (even Inter State) whereby the rent will be nearer the repayments. If you chose a good property manager then the property could be anywhere.
Remember it is an investment you don’t want to drive past it each day!
Cheers Richard
[email protected]
http://www.fhog.com.auThere is no such thing as a problem.
Just a solution waiting to be foundRichard Taylor | Australia's leading private lender
The topic ‘buying my first investment property’ is closed to new replies.
