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  • Profile photo of BiosisBiosis
    Participant
    @biosis
    Join Date: 2003
    Post Count: 1

    We have 1 PPOR and 1 IP.

    Started with PPOR 3yrs ago. Lucky for us it has doubled in price. We built the IP. Never again. Paying interest for 6 months while waiting on it to be completed. Fortunatly it was rented straight away and has never been vacant. This property has been finished for a year and has gone up in value of $50000 so it makes up for it and is now just paying for itself.

    We plan to buy one in a regional area asap that is positive geared and in the next 6 months renting our PPOR which will also be positive geared. Our new PPOR will be owned in our company name so we can rent it from the company and claim all expenses on it.

    Next year look out, we plan to a least double this and mind you, my husband and I (both only 27)only work part time as we are both at Uni.

    Anything is possible if you set you mind to it.[:D]

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