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Investing in property is a must if you are in a high income earner. The government is basically paying you to invest! Plus with property you can leverage to the fuckhouse and have nothing come out of your pockets after rental yield and tax benifits.
If you had 1mil to invest the banks will lend you at least another 4 million keeping LoanValueRatio at 20% Even if the property market has a shit year and capital growth is only 3%, you have still made $150,000 in equity...put that same million in the bank at 5% you have only made $50,000 and then they will tax half of that.
Property is very forgiving over time...you have to look at it as a 10-30 year investment. Not sure about Canada or US but in AU the average capital growth for residential property has been 12% PA over the past 100 years.
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