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The title says it all, thanks for your contribution.
Prefer to make a profit myself.
Rick - simply wouldn't buy in an area that didn't expect capital growth, either naturally or manufactured. So with all else being equal, would prefer to make a profit.
You kick a ball around and aim to score. How hard is that ?Soccer is a simple game with 17 simple rules. Ask any player how simple it is.
You kick a ball around and aim to score. How hard is that ?
Scott - but 2l of milk is $2
How often have many of you bought properties for more than your max LVR? Was it to avoid negative gearing and not be out of pocket each week or are many of you still trying to use as minimal capital as possible when acquiring additional IP that aren't negatively geared?
I feel like I haven't read much about putting in more capital than necessary as a strategy. Perhaps it's for another thread too I'm ns.
Can you elaborate on what you mean by more than max LVR? More than max doesn't make sense as a concept
I've done purchases at 80, 88, 90 and 95 LVR, depending on the deal, with the balance (up to 105% to include purchasing costs) always coming from equity in other properties.
Hold a very negative property for >5 years losing money hand over fist with 0 growth, not even CPI and it becomes a little clearer when you look to purchase next