I'd say perhaps look at doing two of those things at a time. Buy your PPOR, AND an IP…you seem to have ample income for it, so take the plunge. Try to "think big", diversify your portfolio and be proactive. I am also a fan of buying out from the CBD and renovating, and waiting for equalisation. Regradless of what you do, I'd wait possibly 4 more…[Read more]
I have to say no….the Brisbane "mini boom " as I like to call it, has been going for about 3 months and appears to be going higher and higher…so I guess negative gearing must be your friend if you want to invest here….OR, creative rental streams appear to be the only way to go positively geared….
Well..in terms of equity and time, our second PPOR (After first became an IP), went from purchase price of $95 to now $170+ in 1.5 yrs…Almost 100% increase in 1.5 years….hurrah!!!!!
It all depends on your outlook, short and long term…I'm personally a fan of paying off a house, but why the PPOR, why not the IP? Wouldn't that make it cf+ AND with the equity, buy another..remember selling and paying something off just transfers the equity…I hope this helps!!!
Hmmmm…interesting….hard to say how this would work with only 55K pa. Here are some quick pointers:1. Try to stick to one car, or a car and a motorbike, or a car and a pushy 2. Overdraft facility sounds bad, if you can successfully keep to an overdraft facility, you shouldn't really need it.3. 740/week income after tax (approx.) should be…[Read more]
seank wrote:
Hi All,I own 2 propertys and a small share portfolio. Over the last few weeks I sold off some of my shares like many others due to confidence – and consequently lost about 2k. Now I still retain some shares in blue chip companies mind you, but I sometimes goto sleep at night feeling like I want to puke just thinking what the…[Read more]
This thread is interesting..why we are even talking about shares is beyond me, whats this forum called again? ANYWAY, I have these sorts of discussions with lots of people and all I can say, from MY OPINION, is that the psychology behind owning brick and mortar, or fibro and nails, or weatherboard and stumps…is that is is "there in front of…[Read more]
My now wife was very hesitant to purchase IPs, but for me it was all a case of figures (you say that didn't work, perhaps you need to "show" him, a lot of males are visual learners)….Anyway, here is what I suggest….forget your partner…do it by yourself, tell him it does not involve him and that this will not impact on his life at all…after…[Read more]
OK Lisa, this calls for a new approach…here is what I suggest…1. Take a look at the IP that has the most equity (or the least growth as you see it)…..sell this!2. Take a look at your IP that has the second most equity (or 2nd least growth as you see it), sell this!3. The remaining 3 IP loans should be changed to IO.4. Use the gains from the…[Read more]
If you pay cash, obviously you can't claim as deductions…its dodgy, heaps of people do it, and it can be cheaper.I say, play smart, get in a valuer, claim depreciation over x years and do it properly, UNLESS, the cash quote is way way cheaper..then go for dodgy, but play with the risk of getting caught and being very very naughty…Come to think…[Read more]