Search results

Hey all, I've heard about gearing a home loan for a IP and be able to claim the interest on tax. So my 1st question is.. Is it financially smart to go out and get a loan to purchase a couple of smallish IP's, say totalling $1 million +? Assuming you get accepted for a $1,000,000 loan in the...

Ahh righto, I understand now Thanks

I sense sarcasm with the granny flat? Phar Lap, thanks mate I'll purchase the "more wealth" book tonight

Phiber, good info there thanks mate Yeah there's know way I could afford $500 a month at the moment, so the index fund is the same as a mutual fund I take it? I salary sac 3% a week (which I now realise I'll end up paying more tax on cause my income is taxed under 15% so I'll be changing that)...

Yeah I've played the asx share market game but I ended up getting over it as it was slow progress for a game (ut would be different if it were real money) but I've played many other virtual trading games that are quicker and have had success but obviously not with real stocks. The managed...

Thanks all, Very helpful information I looked into it further and i see it wont be worth it as to make a profit it will have to be rented out for $300+ p/w after the ground rent, interest & loan repayments....and who's going to do that.. What Macca said is definitely what I'd like to do but...

Hooray, Any chance you can explain what you mean Why Capital gains in the only leverage and why I need it? All this is new to me Thanks heaps

Thanks rolf Yeah the plan is to get a loan for the investment, any reason why demountables are hard to finance. Hooray, I'm not to worried about capital gains at the moment...just somthing to pay itself off to partly fund another investment (hopefully a Duplex) down the track

I'd like to start off by saying hello all as I am new to somersoft I'm 21yrs old and am an apprentice diesel mechanic (3rd yr) I've been very interested in property investment for a fair while now As I'm an apprentice I don't have a fair amount of money to work with and will mostly be...