hi iam new to the investment seen and have been looking at and reading diffrent material from property investor ie margret lomas mcorp and 21st century, my question is iam 25 have roughly 50k in savings along with the new 21k or 14 k home grants should i buy a new home or use my savings and buy ivestment propertys instead and continue to rent thnaksfor you time
rob
Welcome to the forum Rob.
This months Property Investor Magazine (October 2008) has a couple of case studies of investors who have purchased investment properties while they were renting. It could be a worthwhile read.
If you buy an investment property you have the choice of where it will be like Rural or Outer suburb where it is cheaper to buy
Where as if you buy your own house you are going to have to buy a house closer to your employment and at a higher cost.If you buy your own home you can't claim a deduction for the interest costs of the loan, repairs, rates, insurance..
Only you can decide, however you may find reading the articles I mentioned in API helpful for your situation.
Some people on this forum live in the PPOR house and after the required time needed to qualify for the home buyers grant they move out and rent out the house.
see this post
https://www.propertyinvesting.com/forums/property-investing/help-needed/4325638?highlight=FHOGthanks for the info duckster , wat are your thoughts on places like the 21st centry group and mcorp are they worth the money
You must be logged in to reply to this topic. If you don't have an account, you can register here.
