From: Jamieson .
I have just discovered this forum after a short search for information on investing in IPs. It is a great forum and I have learnt a lot already.
A few years ago I really studied investing but had to let it pass until I had some equity built up in my home. Now that this is the case I am keen to start - but where?
What really got me moving was a recent telemarketing approach from a building company. It was promoting the investment and mortgage reduction benefits of new homes. The idea looks good but I am not sure if building a new home is the right way to start.
I can see the advantages of the capital allowance for helping in the cash flow that I need to reduce the mortgage but are there any points to watch out for in new property? What are the risks? etc.
We live in Brisbane and the proposal is for a house and land package up to around $200,000. Anticipated rent is $250 per week plus. My current home equity situation is $180k home value with $100k still owing on a LOC.
Any comments would be much appreciated.
Thanks
Jamieson
I have just discovered this forum after a short search for information on investing in IPs. It is a great forum and I have learnt a lot already.
A few years ago I really studied investing but had to let it pass until I had some equity built up in my home. Now that this is the case I am keen to start - but where?
What really got me moving was a recent telemarketing approach from a building company. It was promoting the investment and mortgage reduction benefits of new homes. The idea looks good but I am not sure if building a new home is the right way to start.
I can see the advantages of the capital allowance for helping in the cash flow that I need to reduce the mortgage but are there any points to watch out for in new property? What are the risks? etc.
We live in Brisbane and the proposal is for a house and land package up to around $200,000. Anticipated rent is $250 per week plus. My current home equity situation is $180k home value with $100k still owing on a LOC.
Any comments would be much appreciated.
Thanks
Jamieson
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