I am a novice in property investment and educating myself. I keep hearing the discussions about capital gains vs cashflow.
Are they mutually exclusive (generally speaking)?
I keep hearing "for capital gains...buy land.. buy houses on sections and not units / apartments" and "properties with good cashflow do not offer high capital gains". I am really to keen to hear from people who have "been there done that" and understand their perspective.
From what I have read, examples of cashflow positive properties get quoted as ...block of flats, units, properties with multiple income potential etc.
Is it a myth that these properties do no offer good capital gains (relatively)?
Not sure what should I be chasing.
I have an equity of $300K and mortgage of 60K on my own house. No investment. Household income of $200k p.a.
Thanks!
Are they mutually exclusive (generally speaking)?
I keep hearing "for capital gains...buy land.. buy houses on sections and not units / apartments" and "properties with good cashflow do not offer high capital gains". I am really to keen to hear from people who have "been there done that" and understand their perspective.
From what I have read, examples of cashflow positive properties get quoted as ...block of flats, units, properties with multiple income potential etc.
Is it a myth that these properties do no offer good capital gains (relatively)?
Not sure what should I be chasing.
I have an equity of $300K and mortgage of 60K on my own house. No investment. Household income of $200k p.a.
Thanks!
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