Hello! [
]
I am new to i/net forums,+ not good on computers,
but here goes!
I saw Steve McKnight on TV by accident one evening
in Sept.I got so excited I bought his book from
the bookshop(ordered in).
Read it all, perhaps too quickly.
Now I need help/advice from You out there!!!I do NOT wish for 130 props. in 3.5 years:
I do NOT wish for 13 props. in 3.5 years:
I WOULD like to have 5-6 props.in 3.5 years,when I turn 55 years of age.
I have 1 property which became +ve geared this year,due to throwing lots of $ at it recently.Because of this, we have to pay more tax this year;my accountant,whom I trust, says we must now buy another property (neg.gear) to OFFSET the +ve
one!!!
Steve says dont neg.gear any prop!??A local agent says you cannot pos.gear property
in 2003, unless you have a large enough deposit
(40-50K) to equal the rent being more than the
loan repayments !!!Also, in the book(8/03) examples show purchase
price $100K, dep=20% 20K , loan $80K.WHERE? not in Melb.,or any Capital cities !!!
As you can see, I have conflicting advice. HELP!
Oops! I wanted to be on Specifically Property,
not Forum Fun! How do I change over??
Oops! I wanted to be on Specifically Property,
not Forum Fun! How do I change over??no change over type it again. [
] Don’t copy and paste else you will be deleted from the Forum! [][
]
Oops! I wanted to be on Specifically Property,
not Forum Fun! How do I change over??no change over type it again. [
] Don’t copy and paste else you will be deleted from the Forum! [][
]
Thanks “propertylogist”.
I will rewrite it in relevant section.
]
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