I dont understand, i am told you need to negative gear investments properties and i agree.
I understand you need a lot of them to see the real money
what i dont understand is if you negative gear all your properties you would need a very good job to be able to pay the difference (when it comes to paying the loans).
If i buy a house and in say 5 years i can pull $40k and purchase another house, great but how do i now pay the morgage for both if the rent does not cover them. Even if i can do it for 2 house i could not afford the 3rd...
I have read books, asked everyone i know, but no one can explain it to me. I dont want to go to a seminar and try to find $1000 and find i have waisted my money.
I live in Hastings Victoria and i really would love someone to help me reach my goal of property development. I really need some advice as what i can do to improve my knowledge, and how and where to start.
I understand you need a lot of them to see the real money
what i dont understand is if you negative gear all your properties you would need a very good job to be able to pay the difference (when it comes to paying the loans).
If i buy a house and in say 5 years i can pull $40k and purchase another house, great but how do i now pay the morgage for both if the rent does not cover them. Even if i can do it for 2 house i could not afford the 3rd...
I have read books, asked everyone i know, but no one can explain it to me. I dont want to go to a seminar and try to find $1000 and find i have waisted my money.
I live in Hastings Victoria and i really would love someone to help me reach my goal of property development. I really need some advice as what i can do to improve my knowledge, and how and where to start.