Hiya Nathan,
Thanks for sharing your fascinating story with us.
I am a bit confused re. this below:
Are you saying that you are negatively geared to the tune of $800 per week, and is this a before tax amount?
So like, 800 X 52 = $41600 per annum negatively geared, before tax?
I must surely have this wrong, as you said that you are buying close to cash flow neutral/cash flow positive I think, and mainly in Western Sydney?
Also one more thing, you mentioned that cars are tax deductible? I didn't know this?! Do you run your own business?
Thanks heaps for the clarification.
Thanks for sharing your fascinating story with us.
I am a bit confused re. this below:
I am negatived geared now for my properties around $800pw inc all council strats repairs PM fees, everything.
Are you saying that you are negatively geared to the tune of $800 per week, and is this a before tax amount?
So like, 800 X 52 = $41600 per annum negatively geared, before tax?
I must surely have this wrong, as you said that you are buying close to cash flow neutral/cash flow positive I think, and mainly in Western Sydney?
Also one more thing, you mentioned that cars are tax deductible? I didn't know this?! Do you run your own business?
Thanks heaps for the clarification.