Well better late than never, I think I'm finally got enough cash to get my first property.
My strategy is to hopefully be able to buy a property a year and use equity to finance subsequent purchases.
Do I need to speak to a broker or a financial planner when it comes to loan type and structure, and how
It's going to be a ip, I'm seriously considering the Brisbane areas like cooporoo, normal park, cannon hill etc.
Im from Sydney so to buy interstate for my first is slightly uncomfortable but I there might be some good cg in them.
My goal is to get some good growth out of it so I can use the equity. I also want something I can add value and maybe do a small Reno.
Just wondering, do you guys do the renno first before getting tenants? Can all this still be tax deductible or does the ato need to see proof of rent?
Can I also borrow the cost of a renno?
Thanks guys
My strategy is to hopefully be able to buy a property a year and use equity to finance subsequent purchases.
Do I need to speak to a broker or a financial planner when it comes to loan type and structure, and how
It's going to be a ip, I'm seriously considering the Brisbane areas like cooporoo, normal park, cannon hill etc.
Im from Sydney so to buy interstate for my first is slightly uncomfortable but I there might be some good cg in them.
My goal is to get some good growth out of it so I can use the equity. I also want something I can add value and maybe do a small Reno.
Just wondering, do you guys do the renno first before getting tenants? Can all this still be tax deductible or does the ato need to see proof of rent?
Can I also borrow the cost of a renno?
Thanks guys