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From: Wayne Scholes
What is better negative or positive.
I read all of Jan's books, watched the video,played with PIA and attended many seminars. I also had all the experts come to my home with their laptops and everyone said to negatively gear.
So I used as much equity as I had in my own home and bought a property in a bayside suburb of Melbourne.
I then started reading Robert Kiyasaki and listening to his tapes, playing cashflow etc. and he says go positive.
Recently I went to the bank to see how we were going and they told me that the property I bought 12 months ago was now probably worth 50000 more.
I want to use this to purchase another property (not as lavish as the first) but I am wondering which way to go.
As I see it, if I go - the only profit I will make will be in growth when I sell the properties and this will be after CGT
If I go + I can use the income on another investment eg blue chip shares or regular payments into a managed fund and obtain the growth as I go.
As Kiyasaki says why spend a dollar in order to get .30 cents from the government in tax concessions.
What does everyone else think on this subject.
What is better negative or positive.
I read all of Jan's books, watched the video,played with PIA and attended many seminars. I also had all the experts come to my home with their laptops and everyone said to negatively gear.
So I used as much equity as I had in my own home and bought a property in a bayside suburb of Melbourne.
I then started reading Robert Kiyasaki and listening to his tapes, playing cashflow etc. and he says go positive.
Recently I went to the bank to see how we were going and they told me that the property I bought 12 months ago was now probably worth 50000 more.
I want to use this to purchase another property (not as lavish as the first) but I am wondering which way to go.
As I see it, if I go - the only profit I will make will be in growth when I sell the properties and this will be after CGT
If I go + I can use the income on another investment eg blue chip shares or regular payments into a managed fund and obtain the growth as I go.
As Kiyasaki says why spend a dollar in order to get .30 cents from the government in tax concessions.
What does everyone else think on this subject.
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