Give me one dollar and I’ll give you 35 cents back. Doesn’t sound like a great deal does it? In fact, it sounds like you’ve been cheated.
Yet property spruikers will point to tax deductions as a reason to invest. In their property. That they are trying to sell you. Which they make a margin on. At your expense.
The ability to claim a tax deduction is certainly a benefit, but it should never be the primary reason for investing.
And it definitely does NOT mean that the property you are purchasing is a quality investment.
In episode 32, we discuss “Misunderstanding what makes a good property investment” – #2 of the top 7 Critical Mistakes.
Listen as David Johnston, Cate Bakos and Peter Koulizos take you through examples of the wrong reasons behind why some people invest in property.