Forum Replies Created
Hi to All,
What are the tax advantges of going with either of the options?
Is it true as long as your returns cover your cost you would be able to borrow even if you choose IP over IO option ?
[
]Hi Ricky,
Although it is on borderline it’s certainly better than being 250K and rent for $150 per week.
Having said that you need to be comfortable of what you are doing. Finding PGP (Positively Geared Properties) is not enough if you are not familiar with the area at all.
My suggestion would be that you should see the area before you commit yourself no matter how good it sounds on paper.
“Don’t work for money, Let the money work for you”
[
]Hi to All,
My next questions would be why is what are the tax advantges of going with either of the options?
Is it true as long as your returns cover your cost you would be able to borrow even if you choose IP over IO option ?
[
]Hi, I’m just a newbie to the forum and i would like to ask what is the most effective option when wanting to keep purchasing properties without running out of borrowing capacity?
As far i understand with IP loan your repayments would be greater but in the long run would pay off your property quicker then IO but in terms of borrowing capacity in the long term wouldn’t you be affected by having IP instead of IO?
Any examples would help and thanks in advance!
[
]HI,
I would also love a copy of the spreedsheet and thank you in Advance!
My email address is [email protected]…
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][/quote]
I have the complete and up to date Land tax rates for all states of Australia in an Excel Spreadsheet. I would be happy to email it to you if you give me your email address.
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