That’s why I’m following your strategy when you have 200 + properties buying units and 99% of everyone else says buy houses and they only have a few houses
I’ve personally maximised capital gains, positive cash flow and tax exemptions from owning units not houses. I couldn’t afford to tie up capital in land when it wasn’t really going to work for me like a couple of units do. Now here comes stamp duty exemptions (probably) under a mil in 2021 and 0% cash rate... it’s going to be very exciting time for us unit investors! Thanks for vids Nathan.
Watching back on this now in mid 2021 it feels like old cheap units that are still standing could be the way to go. Nathan in this current situation for a first home buyer that wants to quickly borrow more in 2 years time to buy their 2nd property would'nt a house be easier than a unit for a bank approval?
houses generally appreciate better than units. Also bad PR for units in aus as people think they are dodgey, also downward pressure due to no migration during covid/overseas students. You would have to do the maths /
Just on granny flats, what if you get finance for the 130k? I’ve seen that on mortgage application forms. Also wouldn’t the increase in rental income of let’s say 50% then increase the property value 30-40%? As opposed to only increasing it by 130k