Common Property Beliefs That Don’t Hold Up in Reality

[@Misstruthbomb]

Some great practical points here but I have to disagree about not buying an IP before a PPR! Nothing wrong with buying something small that you can afford to get your snowball growing soon and outpace any saving you could have done even after paying a bit of CGT. A net profit on a leveraged asset is a handy amount to put in your PPR deposit. (And no doubt bigger than saving I n a small share poetfolio or a cash management account). Who cares if you cannot hold the IP as well? Who would expect to hold an IP as well if you are still early in your journey? The first IP is just a vehicle to build equity faster for which the tenant pays the lion's share. Thank your lucky stars! And if you live on Sydney you would probably have to grow a huge deposit compared to other states, so buying an IP is probably a very wise leapfrog strategy.

[@abdul_travelvlog]

Great video but something problem with your channel 😮