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  • Profile photo of VladDrakVladDrak
    Member
    @vladdrak
    Join Date: 2003
    Post Count: 3
    October 1, 2003 - 1:30 am

    Hi investors,

    I was wondering how you guys got started. Did you pay off your first house before investing in another? I seems difficult not to negative gear your second property if you don’t have much cashflow. Any suggestions? [8)]

    Profile photo of VladDrakVladDrak
    Member
    @vladdrak
    Join Date: 2003
    Post Count: 3
    October 1, 2003 - 12:39 am

    Hi Everyone,
    Great to read some SA messages! My partner and I have just bought our first home. A 2br unit in Klemzig for $160,000. Would it be best to knuckle down and pay that joint off before investing in something else? Or I was thinking of getting the loan down to about $70,000, refinance and then rent it out and get some positive cash flow happening, while we live in a similar property. What do you guys think? Or should we negative gear out first home. How do you get started!! Any suggestions would be really appreciated.

    Profile photo of VladDrakVladDrak
    Member
    @vladdrak
    Join Date: 2003
    Post Count: 3
    January 21, 2003 - 7:45 am

    Thanks everyone for your advice.

    I’ve decided to stay where I am renting, and saving a deposit. It’s cheaper. Now is probably not a good time to buy with the end of the housing boom in site anyway. So, best to hold off for a couple of years, save up a decent deposit and then scout for a house that people have to sell once the interest rates go up.

    Thanks again everyone.

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