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From: Kevin Rogers
I have 2 investment properties and am in the process of getting a third. It is often recommended to pay interest only to maximise tax deductions. However, I have been paying off principal to improve my equity so that I can get the next property sooner rather than waiting for inflation to do the job. It also helps me to get into a positively geared position.
What is wrong with this strategy?
I have 2 investment properties and am in the process of getting a third. It is often recommended to pay interest only to maximise tax deductions. However, I have been paying off principal to improve my equity so that I can get the next property sooner rather than waiting for inflation to do the job. It also helps me to get into a positively geared position.
What is wrong with this strategy?
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