Which is better ?
If one was to buy 3 new IP’s @ 250K each compared to 5 established IP’s @ 150K, which would create more yield pa. Given that both scenarios require total 750K & there many costs ( exp. )
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MichaelDunno?
– Confused.
Your question is far too broad.
How long is a piece of string?
Rod.
I’d have to agree.
Thanks Michael,
You answered my question, however does buying all 5 IP’s under 12 months differ ( in stamp duty ) from purchasing 5 over a span of say 15 months ?
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MichaelWhy not buy 130 in 3.5 years!
Not in a position to do that at the moment.
Not sure if would choose that path ShaneB.
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MichaelYes but isnt thaat the point.
There is no point, thought is endless.
A wise man once said
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MichaelMichael,
No, there is no difference in stamp duty if you bought you 5 properties in one day or 5 years, you pay a certain percentage on closing, regardless.
The one thing you with a brand new property (not sure if you can do it with an old property) is minimise stamp duty, by setting out in the contract you are paying X amount for the land and /y amount for the actual property.
Dan.
If you want an extraordinary life you have to be prepared to do things that ordinary people aren’t prepared to do.
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