Due to the fact that I am only new to the property investment market I have the following questions:
1. What is the general concensous out there with regards to your won personal dwelling, buy or rent. The question I raise is due to the fact that, there is a temptation to cash in on capital appreciation of your own home.
2. Are investment properties bought in the individual’s name or in some sort of legal structure for tax purposes.
3. What the the best available internet sights to search for properties and locations.
4. Capital growth V’s positive cash flow. If you are just starting out, would’t it be critcal to secure +ve cash flow properties, and is there any easy formulae to work this out.
5. Is there any contacts with regards to competitive interst rates
Thanks for you help
[
]Under Wraps
hi, big ask!
Search the web for real estate, try real estate.com.au or domain.com.au
Personally I buy. Some rent because it gives them more freedom and they arent up for all the associated costs, you must consider your own circumstances.
TAX structure depends on your circumstances, consult a financial advisor or accountant.
Positive cash flow properties give you income, income is what the financiers love when looking to finance properties. It depends on your circumstances as does all of this. Some prefer high capital growth as opposed to positive properties. It really is your choice.
re interest rates, shop around, they vary. Check out the canex rates….gives comparisons. However there are lurks and perks according to what industry you are in. eg some bansk give lawyers special deals, or builders, or those with incomes over $X.
With some banks they havce premium packages, cost $X a year to have, but give additional discount on interest rates and sometimes free cards (no annual fees) and lower rates on those than normal.
It really does depend on your personal situation and your income levels and what you want to acheive.
cheers
Go buy Steves book its a great read….! theres many others out there as well!
Luke [^]
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