Reply: 1.1
From: Anonymous
Hi Steve,
I agree with Chris i prefer IO as frees up your money,enables you as an investor to be able to afford another property with the repayments you are saving (lets face it more is better than one).If you currently have a home loan then you should be directing your funds towards the home loan,in this case IO is better for you.I don't believe anything to be negative about P/I besides, as Chris mentioned not being able to claim it on tax.
Useful books may be Jan Somers More Wealth from residential property -that's if you haven't already read it!
GoodLuck
JP