Thanks everyone for your thoughts! No we won't be going out and buying 5 in one hit, we were planning on buying 1 a year (the excess cash can just park in the offset). Unless we see some bargains this year then we might buy 2
All 5 IPs would be very cheap IPs though ($200k) so we may yet buy some more medium priced ones.
OK, thanks....... but we are in our mid 20s so we're probably not going to do anything about SMSFs until we are a bit older.
Cheers!
All 5 IPs would be very cheap IPs though ($200k) so we may yet buy some more medium priced ones.
Another investment idea you may want to consider is to start up a SMSF and buy one property in it on 50% deposit.
That way in a round about way it's possible for the payment of capital of the loan to be a tax deduction.
OK, thanks....... but we are in our mid 20s so we're probably not going to do anything about SMSFs until we are a bit older.
Cheers!