sweetheart replied to the topic already bought negative geared property in the forum No Subject 22 years, 6 months ago
Hi Alf! We have been in a similar position to you. 8 years ago we bought 2 units in a town north of Brisbane. In that time, they have lost their value by about 30% and cost us $3500 p.a. each to own!. Since learning about wraps, we have recently wrapped 1 unit, taking a small loss on what we paid, but at a price above current market. We also…[Read more]