we are buying our own home and have a loan whereby both our wages are paid into the loan account and work to decrease the interest that can be calculated on our loan. We are also looking at buying our first investment property. The interest rate on our home loan is 7.15% so if we were to draw on this money to invest in a property should we be looking at getting better than a 7.15% return from the investment property?
The interest on your IP is Tax deductible also, unlike your PPOR..
What are you looking at Achieving from investing in Property, remember, many investors ‘lose’ on property for tax benefits and hope to make up this shortfall with CG ( – Gearing )
However, you may source IP’s achieving positive cash flow of 8-11%+..look at Westan and Others..
REDWING
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