Hi Corey,

Thanks for the reply.
At this point, I am renting my PPOR and am happy to keep doing that for the forseeable future. However, rent is non-deductable also, so it probably amounts to the same thing.

Yes, with ‘quick turnaround’ I do basically mean flipping property.

I guess my main question is the benefit of a positive cashflow property compared to buying and selling quickly. Personally, I would prefer owning positive cashflow property to build up capital, because it doesn’t require as much time investment after the initial purchase (I’m on a quite limited time budget, which I think may hurt my success with renovations etc…).

Basically I want to know if positive cashflow property is more of a way to just provide some supporting income to help with lifestyle expenses and/or deposit for another purchase – or if it is a valid wealth generating strategy on its own.

Thanks for your help.