Has anyone got any comments on these people , good or bad? They are advertising properties just outside Berwick on one of the new estates. They claim that they ensure tenants for 3 years and that you can get started in IP for as little as $1000 paying only 1/5th of the total mortgage payments.
Usually if something sounds to good to be true, it usually is? Where's the catch? Because I assume they won't tell me?
We're after our first IP, both work long hours and have little time to search for "bargins" and probably wouldn't know one if we saw it!!
Are these people worth talking to? I realise we won't make a huge amount, our main concern to get started is not to buy "a lemon"!!
One thing that confuses me is that they also claim that you can do this without it costing you anything, (not that I believe that) but that's "positively geared, isn't it? I thought that if a property had to be "negatively geared" for you to get the tax rebates!!
You can tell I'm new to this, but you guys are so great that I'm sure You have some advice for a complete starter like me!!
Usually if something sounds to good to be true, it usually is? Where's the catch? Because I assume they won't tell me?
We're after our first IP, both work long hours and have little time to search for "bargins" and probably wouldn't know one if we saw it!!
Are these people worth talking to? I realise we won't make a huge amount, our main concern to get started is not to buy "a lemon"!!
One thing that confuses me is that they also claim that you can do this without it costing you anything, (not that I believe that) but that's "positively geared, isn't it? I thought that if a property had to be "negatively geared" for you to get the tax rebates!!
You can tell I'm new to this, but you guys are so great that I'm sure You have some advice for a complete starter like me!!