1 . PPOR paid off with around $390K in equity.
2. Looking to purchase an Investment property for $220k @ currently rented at $260 a week.
My questions are around the negative gearing , trying to get my head around the Pro`s of the Tax offsets when negative gearing such a property through a Interest only loan compared to purchasing the property via Principal and Interest loan and paying off the property as quickly as possible with own funds and rental returns.
2. Looking to purchase an Investment property for $220k @ currently rented at $260 a week.
My questions are around the negative gearing , trying to get my head around the Pro`s of the Tax offsets when negative gearing such a property through a Interest only loan compared to purchasing the property via Principal and Interest loan and paying off the property as quickly as possible with own funds and rental returns.
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