JB replied to the topic I own a Negative Geared property, what now? in the forum Help Needed! 7 years, 4 months ago
Apologies for any confusion,
When I intially purchased the property I didn’t educate myself with different investing strategies. I purchased an off the plan house and land package. I did intend to purchase a negatively geared property at the time.
Now after reading a few books I am now aware of how positively geared properties are a more logical…[Read more]JB replied to the topic I own a Negative Geared property, what now? in the forum Help Needed! 7 years, 11 months ago
I definitely believe that I didn’t do enough research prior to purchasing the property. I did not know exactly what my goals where.
You are right Ethan I shouldn’t be disgruntled over not having enough of a deposit in the first place. In hindsight I should have A) Saved more for a deposit or B) Adjusted my budget prior to purchasing.This was a…[Read more]
JB replied to the topic I own a Negative Geared property, what now? in the forum Help Needed! 7 years, 11 months ago
Thanks Tony,
The property is in the Scenic Rim Region of Queensland and I am hoping that the Bromelton SDA generates some growth in the area.
I will definitely look into creating a trust.
That is pretty impressive!Jay.
JB started the topic I own a Negative Geared property, what now? in the forum Help Needed! 7 years, 11 months ago
Good afternoon all,
Thank you for taking your time to read this post.
A bit of background before I begin. I am 22 years old I have a partner and as the title states I own a Negatively Geared property. It is on an Interest only loan. The house was built 2 years ago and has not yet built equity. Foolishly my down payment was 5% and I was whacked…[Read more]
JB started the topic I own a Negative Geared property, what now? (long) in the forum Help Needed! 7 years, 11 months ago
Good afternoon all,
Thank you for taking your time to read this post.
A bit of background before I begin. I am 22 years old I have a partner and as the title states I own a Negatively Geared property. It is on an Interest only loan. The house was built 2 years ago and has not yet built equity. Foolishly my down payment was 5% and I was whacked…[Read more]
JB became a registered member 7 years, 11 months ago