Read Steve’s book cover to cover. Wish it had been published 12 months ago. My question. We have built one property cost $260K which will rent for $300 week. We are in the process of building 2nd property – cost $190K rent for $200 week. Both these properties offset against our 2 incomes are OK…just. However, if we want to try and get into +ve cashflow what is our best form of attack?
Should we ..wait 12 months sell 1st property then when 2nd property is built, wait 12 months and sell and in the meantime attempt to acquire +ve cash flow properties?
Problem with this is properties 1 and 2 will lose some of the tex breaks. Any advice???
I wouldn’t be too concerned if I was you. AS long as the properties are growing in value you will be ok. I would not sell if I was in your situation. You may have equity in your properties which you can use to buy further properties. But if you really wanted positive cashflow you could wrap one.
Terryw
[email protected]Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
http://www.Structuring.com.au
Email MeLawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au
either reduce the debt on the asset or attempt to increase the income
decrease costs, and debt and increase rents
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