"Neg. Gearing, Some Advice"

Discussion in 'WebBoard Property Investor Forum Archive' started by woody, 12th Sep, 2002.

  1. woody

    woody Member

    Joined:
    8th Oct, 2002
    Messages:
    46
    Location:
    Sydney
    From: Steve B


    I read the following somewhere and it made a lot of sense to me,as i have been in this situation, so i thought i should share it with anybody who's interested.

    "A seminar or a real estate agent advises you to buy an investment property, makes it sound easy, tells you the Tax man will pay a portion for something that really does not make fundamental economic sense and then tells you to sign the papers because he can find you a Tenant who will pay you less than you are paying, because in his OPINION the rental property will increase in value"

    With investment properties i think (unfortunately) you have to learn by making mistakes,I've made some, I hope that this post may help / educate someone else.
    Steve
     
    Last edited by a moderator: 5th Apr, 2017