Anybody have an opinion on this scenario.i’ve recently built and am seeing good capital returns over very short periods.Any opinions and does anyone have any stories to tell.PS I’m a 1st timer …bear with me
Hi there Bob,
Welcome to the forum! [
] I thought whilst I’m still up (just mind you!) I’ll just say hello.
Where have you built? Can you give us some more details?
Cheers
Sooshie []“Giving is a Blessing, receiving is the bonus”
built in a much hyped new seaside esate in perth(brighton).I now have my old house tenanted.The new place is showing close to 80%on the land and 35% on the overall in the space of 12 mths.
To the uninitiated(me)thats showing good returns for 12 mths of stress.whos to stop me doing this every year?
Help I need somebody Help,not just anybody[Bob, I suggest you now build and hold and repat this, until you pay near zero tax dollars if you can afford to i.e. if you have a partner to fund you, then build and sell then build and hold again.
Use the capital gain from your last sale and increased equity from your last hold, to fund your next deposit for build and hold, then build and sell. Then repeat the loop.
While you at it build me a nice little 3 bedder with ensuite and 20m balcony plus courtyard. Actually I prefer a duplex. Find me a nice block please
5 min walk from beach will do.Thanks
DaveDave,
thanks for the advice,I’ll keep my eyes peeled for youThis time next year Rodney we’ll be millionaires!!!
] I thought whilst I’m still up (just mind you!) I’ll just say hello.
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