From: Ken Frick
Hi everyone.
I spoke to Ross S on the Gold Coast who is a mortgage buyer for the area. He gave me some great points, not to mention checking out this website www.somersoft.com.au
Well, I'm tossing up on buying my 1st IP on the Gold Coast. The toss up is between 2 cheap $90K rental around $150 pw, body corporate of $36pw, or 1 nicer townhouse on the water for $180k rental around $190 pw. body corporate $17 pw.
I spent $200 bucks for an hour with an accountant expecting some bloody incredible advice. Basically got some quick simple maths on return after expenses between the 2 types of IP and a sheet on tax deductions. A bit of a waste I reckon.
Hopefully someone can get this question answered as this site looks really informative.
Hi everyone.
I spoke to Ross S on the Gold Coast who is a mortgage buyer for the area. He gave me some great points, not to mention checking out this website www.somersoft.com.au
Well, I'm tossing up on buying my 1st IP on the Gold Coast. The toss up is between 2 cheap $90K rental around $150 pw, body corporate of $36pw, or 1 nicer townhouse on the water for $180k rental around $190 pw. body corporate $17 pw.
I spent $200 bucks for an hour with an accountant expecting some bloody incredible advice. Basically got some quick simple maths on return after expenses between the 2 types of IP and a sheet on tax deductions. A bit of a waste I reckon.
Hopefully someone can get this question answered as this site looks really informative.
Last edited by a moderator: