Could your family home help build future wealth?
In this episode of the Brisbane Property Podcast, Scott and Melinda discuss whether retaining your current home, converting it into an investment property and purchasing your next home could be a suitable strategy.
They cover:
What to assess before selling or retaining your home
How rental income, holding costs and maintenance affect cash flow
Why loan structure and tax deductibility matter
The role of your accountant, mortgage broker, property...
Could your family home help build future wealth?
In this episode of the Brisbane Property Podcast, Scott and Melinda discuss whether retaining your current home, converting it into an investment property and purchasing your next home could be a suitable strategy.
They cover:
- What to assess before selling or retaining your home
- How rental income, holding costs and maintenance affect cash flow
- Why loan structure and tax deductibility matter
- The role of your accountant, mortgage broker, property manager and property investment adviser
- Capital gains tax and valuation considerations
- When selling may be the better option
The right approach will depend on your property, finances and future plans. This episode will help you understand the questions to ask before making your next move.
This episode contains general information only and is not financial, taxation, lending or investment advice. Seek advice from appropriately qualified professionals.
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