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From: Firefrog .
I spoke to a potential accountant/financial adviser today, he talked about there being a break even point for IP's and suggested that it currently is about 12 years. In other words you will only break even if you hold a property 12 years and make money if you hold it longer. What do you all think.
I personally find it hard to believe.
How would this person have come to this conclusion.
Cheers
+++++++++++++++++++++++++++++++++++
You gain strength, courage and confidence by every experience in which you really stop to look fear in the face. You must do the thing you think you cannot do.
- Eleanor Roosevelt
I spoke to a potential accountant/financial adviser today, he talked about there being a break even point for IP's and suggested that it currently is about 12 years. In other words you will only break even if you hold a property 12 years and make money if you hold it longer. What do you all think.
I personally find it hard to believe.
How would this person have come to this conclusion.
Cheers
+++++++++++++++++++++++++++++++++++
You gain strength, courage and confidence by every experience in which you really stop to look fear in the face. You must do the thing you think you cannot do.
- Eleanor Roosevelt
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