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From: Andrew Parsons
Hi all,
We've never IP'd but have been considering it since we're only a 1 income family and we don't have anything to reduce the amount of tax I pay (in the order of $45,000 pa).
We don't have lots of extra dollars to pay with our current lifestyle, but from what I can gather if you work an IP right, you don't need a whole lot of dollars, if the rent and the impact on your tax work well.
Before I go on, please correct me if I'm misunderstanding here.
Now, we've met with McCarthy Group for a consultation and it's a very soft sell. The thing is, it's not just an IP, but a whole package (Called their Master Mortgage Program).
Has anyone been involved with this company and can give us feedback? The numbers look fairly accurate, and while the properties they put up front are in Qld, they're willing to offer us Sydney properties too.
I understand the general warnings and "buyer beware" messages, but it would be great to know if anyone has been screwed by this company?
Hi all,
We've never IP'd but have been considering it since we're only a 1 income family and we don't have anything to reduce the amount of tax I pay (in the order of $45,000 pa).
We don't have lots of extra dollars to pay with our current lifestyle, but from what I can gather if you work an IP right, you don't need a whole lot of dollars, if the rent and the impact on your tax work well.
Before I go on, please correct me if I'm misunderstanding here.
Now, we've met with McCarthy Group for a consultation and it's a very soft sell. The thing is, it's not just an IP, but a whole package (Called their Master Mortgage Program).
Has anyone been involved with this company and can give us feedback? The numbers look fairly accurate, and while the properties they put up front are in Qld, they're willing to offer us Sydney properties too.
I understand the general warnings and "buyer beware" messages, but it would be great to know if anyone has been screwed by this company?
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