All Topics / Help Needed! / first time investing – upgrade and rent the current home or buy a seperate investment?

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  • Profile photo of 089marek089marek
    Participant
    @089marek
    Join Date: 2008
    Post Count: 1
    July 25, 2008 - 9:15 am

    What are the advantages of renting out the home we currently have equity in and live in  (50s brick and tile in W.A, close to uni, on bus route) and buying another home to live in (upgrading) as opposed to buying a property as a pure investment/rental property?
    Also any thoughts on W.A and good rental return areas?

    Thanks

    Profile photo of yarposyarpos
    Member
    @yarpos
    Join Date: 2004
    Post Count: 247
    July 25, 2008 - 12:43 pm

    what do you have in mind re financing?  it sounds like you are minimising your tax deductible debt and maximising your non tax deductible debt.  

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