I currently have 3 properties and looking at another one.
So far, they are all negatively geared but have now bought several books from Lomas, McKnight and another (whos name I cant recall)….
My question is: Should I look at +ve geared props now in either rural or suburbs far from the CBD areas in Melbourne, Brisbane or Perth?
My 3 properties have all grown by around 6 – 10% each year in past 5 years but reading htese others now has me thinking a lot of what to do next. My wife is taking on 2 homes for renovation and we will be renting them out after completion and then selling one after 12 months using our Business (for tax purposes)….
What do you all think?
Do whatever you think will make you the most money. It’s good to get high rents, but I can see no point in buying in country areas myself because of the lack of capital gains. Depends on the areas I guess.
Terryw
Discover Home Loans
Parramatta
[email protected]
Sign up to my mailing list.
Just send me a blank email, with “subscribe†in subject line.Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
I agree with Terry, I personally don’t like investing only for cash flow. If there is no capital growth that leaves you exposed to debt.
I like “creating” cash flow by giving the tenants an option to purhcase or setting up multi-tenancy accomodations. I have a brochure on this that may be helpful email me [email protected] and I would be happy to send it to you.
Other ways you could create cash flow and equity is through subdividing, developing and renovating. [biggrin]
Investment Property Management
http://www.adprop.com.au
You must be logged in to reply to this topic. If you don't have an account, you can register here.
