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From: Mike .
Help! I need some advise
From: Judi
Date: 02 Oct 2000
Time: 19:21:29
Help! I need some advice regarding the timing of buying more IPs. We have 3 IPs that are mortgage free, and 2 IPs ( 1 commercial and 1 residential) that we still owe on. The problem is that they are all creating positive cash flow, and therefore liable for more tax.
The spouse wants us to negative gear into shares, but I'd rather stick with what I know (something you can see and a rent cheque at the end of the month), and with shares a dividend cheque doesn't go near to covering the interest.
Should we have been perhaps a little less smart, and not as enthusiastic about paying out these loans, and bought more IPs earlier?
Your comments from previous experiences would be appreciated - Judi
Help! I need some advise
From: Judi
Date: 02 Oct 2000
Time: 19:21:29
Help! I need some advice regarding the timing of buying more IPs. We have 3 IPs that are mortgage free, and 2 IPs ( 1 commercial and 1 residential) that we still owe on. The problem is that they are all creating positive cash flow, and therefore liable for more tax.
The spouse wants us to negative gear into shares, but I'd rather stick with what I know (something you can see and a rent cheque at the end of the month), and with shares a dividend cheque doesn't go near to covering the interest.
Should we have been perhaps a little less smart, and not as enthusiastic about paying out these loans, and bought more IPs earlier?
Your comments from previous experiences would be appreciated - Judi
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