All Topics / Help Needed! / Which one PPOR or IP ?

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  • Profile photo of PropertInvestorPropertInvestor
    Participant
    @propertinvestor
    Join Date: 2010
    Post Count: 35

    I am currently renting one bedroom unit.

    What should buy first PPOR or IP ?

              – I don't want to loose FHOG + Stamp Duty exemption (7k+(11k – 15k) =18k – 22k )
              – But my primary plan is to build MAX portfolio as much as I can. I don't know the exact reason yet, but people say if you want focus on maximizing your portfolio then go for IPs, IPs, IPs

    I thought and discussed various things on this aspect. Now, I am thinking to buy house + flat(granny) and live in granny and rent out house. This way I can buy bigger house compared to 1bdr unit and get max stamp duty exemption and have a stable flat to live possibly.

    My wish is to buy in Inner West or as much as close (livable suburb) possible to city, but with my budget of 350k I think need to go towards West (Merrylands, Guildford etc).

    Pls suggest on above strategy of buying house+flat and living in flat and rent out house. If I like staying there I will continue. In this way instead of paying rent to someone else property. I will be paying EMI on building my own property.

    I just don't want to keep chaining the flats, buying a PPOR and live there for 6 moths and then rent it out.

    Profile photo of AilimeAilime
    Participant
    @ailime
    Join Date: 2008
    Post Count: 28

    I don't think I am qualified to give any advice/suggestion, but I think your idea on buying a house + granny flat then rent out the house sounds great.

    We purchased our PPOR first a few years back. While we don't regret it, I sometimes wonder what if we did it the other way around (ie. IP first).

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