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From: Lars Andersson
Hi all,
I am new to this forum to apologies if this turns out to be "that old question again".
I am looking at buying my second IP. The first one was a brand new unit as all people I spoke to said "you have to buy a new property to get tax advantages". Is this true, or is it as advantageous to buy an older property an perhaps renovate if it is needed? Should I even bother about tax benefits and concentrate on growth and how easy it would be to rent it out?
Regards,
Lars
Hi all,
I am new to this forum to apologies if this turns out to be "that old question again".
I am looking at buying my second IP. The first one was a brand new unit as all people I spoke to said "you have to buy a new property to get tax advantages". Is this true, or is it as advantageous to buy an older property an perhaps renovate if it is needed? Should I even bother about tax benefits and concentrate on growth and how easy it would be to rent it out?
Regards,
Lars
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