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From: Mick Avery
To the forum,
I am a potential first home owner. I'm also a member of the defence force. Therefore I am entitled to a total of $18500 worth of government grants for my 1st home. I also have a $25000 deposit. Which option is smarter.... purchase a new 4 brm home to live in (and sub-rent 2 rooms to mates)therefore claiming 66% of all expenses on tax and receiving the $18500 or..... continue living in cheap rental accommodation and buy 2 investment properties with the $25K? (All loans would be interest only)
To the forum,
I am a potential first home owner. I'm also a member of the defence force. Therefore I am entitled to a total of $18500 worth of government grants for my 1st home. I also have a $25000 deposit. Which option is smarter.... purchase a new 4 brm home to live in (and sub-rent 2 rooms to mates)therefore claiming 66% of all expenses on tax and receiving the $18500 or..... continue living in cheap rental accommodation and buy 2 investment properties with the $25K? (All loans would be interest only)
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