koons replied to the topic First time investor/home ownership in the forum Help Needed! 17 years, 7 months ago
Yes agree that renting would be wasting money. But if i bought and lived in the house, i would be so highly negatively geared that i won't have much capacity left to do property investment. Will have to take a 95% loan i think as stamp duty already cost $18k approx. Unless of course the property's price went up and i had additional equity to play…[Read more]