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From: H T
folks
I need some property gurus to bounce ideas off.
We have just paid our mortgage off on our principle res (500k+) and I was content to live in that and buy more ip's, however an old house in a (i think) undervalued suburb in melb has come up that I can see big up side on, simple because of the land size and the presentation of the property. We would need to borrow 300k to fund this little adventure but we can rip through that loan quickly as we both have big incomes.
This house can be lived in but needs a solid 150k to bring back to its former glory.
we have 4 ips with a bit of equity (200) in them.
we are in our early/mid 30's
My question is to you guys would you
- concentrate on further ip's 'cause of the potential tax (we dont mind neg gearing) benefits
- go with the big land own home thing where I can see potential to maybe subdivide or just have a nice victorian home on a nice big block - an increasingly rare site.
HT
folks
I need some property gurus to bounce ideas off.
We have just paid our mortgage off on our principle res (500k+) and I was content to live in that and buy more ip's, however an old house in a (i think) undervalued suburb in melb has come up that I can see big up side on, simple because of the land size and the presentation of the property. We would need to borrow 300k to fund this little adventure but we can rip through that loan quickly as we both have big incomes.
This house can be lived in but needs a solid 150k to bring back to its former glory.
we have 4 ips with a bit of equity (200) in them.
we are in our early/mid 30's
My question is to you guys would you
- concentrate on further ip's 'cause of the potential tax (we dont mind neg gearing) benefits
- go with the big land own home thing where I can see potential to maybe subdivide or just have a nice victorian home on a nice big block - an increasingly rare site.
HT
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