You mean to take advantage of the PPOR CGT exemption........would you buy in cash outright?
Yes and yes.
Cheers,
The Y-man
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You mean to take advantage of the PPOR CGT exemption........would you buy in cash outright?
Doesn't everyone ask that, my standard reply is 'enough', or more than fingers on both your hands depending on who is asking.
Whats you exit strategy Ernie?
...
5. Interest only loans
7. Re-invest all profits (tax returns) into the loans.
8. We pay down our loans as we go to accelerate the equity.
Good luck, and take action.
As time has gone on, in the current environement, I am thinking of changing the long term strategy to one of one big PPOR to sell in the future.
I hear you Y man. Too many IPs, too many headaches. Sell all IPs, buy a distressed sale around $2M, spend $500k wait 5 years and sell for $5M. Too easy. Not all IPs will double in 7-10 years where things are at the moment, the ones that have a remote chance of doubling will only give you sub 5% yield. Not a game for the feint hearted.
Family members of mine have done this.As time has gone on, in the current environement, I am thinking of changing the long term strategy to one of one big PPOR to sell in the future.
gees asdf... can't believe your change of tune over the last 12 months or so from build'n'die to this! have you become a trader now?? if so, welcome to the dark side!
To buy or not to buy - Michael Yardney
Here is an interesting excerpt from Michael Yardneys website.
Now this doesn't necessarily mean you must buy a house because of its underlying land value.
In the established, densely populated inner suburbs of our capital cities, apartments and townhouses make great investments. Because there is no vacant land in these areas and town planning regulations make it more difficult and, importantly, considerably more expensive to build new apartments, the capital growth of apartments and townhouses is similar to houses.These units take on a proportionate value of the land that the whole complex sits on.
Just curious kim, will this IP be the first property you have *ever* purchased? Or have you bought a house at some point in the past?