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Thank you everyone for ur time.
Dear Kenneth,
My property investing goals: I want financial independence. I want to own a couple of residential IPs.
I want to buy and hold them for sometime. Probably till I am still working as a IT consultant (that maybe for next 10 to 15 years).
I want to reduce the tax I am paying. Our combined income in about $180K per year and we are paying a lot of tax. I want to gear against something.
I don’t want to just to sit down and expect things to happen.
I want to do something about my future and kids future while I am still young healthy and working.I know I can borrow a good amount of money from the bank but I don’t know how much to spend on one IP.
Thanks for your help.
Thank you very much everyone who replied. You have made it easy for me to make the decision. Once again. thanks a lot.