Hi guys, i'm considering purchasing a investment property that is positively geared as a first investment. i am at the lower end of the tax bracket, so im not really considering negatively gearing.
can someone please point out a few things i should consider, like what sort of properties to stay away from, what things i should take into account, what sort of a deposit do i need and so on.
thanks your help will be much appreciated.
kind regards
If it is positvely geared i would not be buying in your sole name if you are on the top marginal tax rate.
Trust structure would certainly be an option.
Also look at how you structure the loan to maximise your savings.
Richard Taylor | Australia's leading private lender
aah33
Depending on your plans into the future, maybe try to get Interest only loan with an offset account, so you get the offset to save money off the loan and also build up cash ready for next investment.Also read lots of postings, you can learn all you need to know on this site.
If you are thinking of a low cost house or unit etc you will be up against all the FHOG people at the moment keeping the prices up, but if you are after a higher cost house then wait. It will fall in value over the coming months and save you thousands.
You must be logged in to reply to this topic. If you don't have an account, you can register here.
