Ask Kevin Young Episode 70 - The Great Aussie Nightmare

G'day!

I reckon getting your kids into property is one of the best decisions a parent can make.

It’s far better than giving them cash that will disappear pretty quick, and property is an appreciating asset, so unlike a car or other assets it’s going to go up in value.

But buying and living in your own home is a mistake that I’ve seen many, many investors make. Not only will you be paying too much tax, and interest to the banks, but you’ll struggle to get a loan of any kind with that kind of debt and rising maintenance costs.

Regards,

Kevin Young