What is the goal when getting a interest only loan?

Discussion in 'Loans & Mortgage Brokers' started by Darlinghurst Boy, 3rd Aug, 2015.

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  1. Sackie

    Sackie Well-Known Member

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    Wanting to learn is never stupid, its essential if you want to succeed. Learn as much as you can from the forum, books, magazines etc. And my honest opinion is educate yourself first, set some goals and get a good idea of the path you want to take based on your financial situation and advice from others who have been there and are successful. I know a few people who had similar ideas to you, bought some extremely NG properties and it permanently halted their portfolio and drained their income severely.

    The key to your investing success is educate yourself first, imo.
     
    Sackie, 10th Aug, 2015
    #41
    househuntn and Zine like this.
  2. Fargo

    Fargo Well-Known Member

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    Its not the only reason it could be to claim depreciation and get some tax back on money that was never spent.
     
    Fargo, 10th Aug, 2015
    #42
  3. Sackie

    Sackie Well-Known Member

    Joined:
    18th Jun, 2015
    Posts:
    25,058
    Location:
    Vaucluse, Sydney.
    That should only be a side benefit, never the reason.
     
    Sackie, 10th Aug, 2015
    #43
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