Lucky Lost

Very Lucky actually, as it was a direct debit from our credit card, we had paid out the credit card 3 months prior and asked for it to be cancelled.

When we found out we won the home and recieved the credit card statement, the only trasaction was the purchase of the tickets, they allowed the direct debit to proceed.

We did recieve about $5000 of rent before we even recieved the title. I thought i would have to claim the rent, i was hoping that i could offset with some expenses also.

Obviously another one to run past the accountant.

Thanks

Wayne

Celeste

Thanks for the input. The other intersting thing that we found out later, was that the raffle organisers would only allow the title to be in the name that the ticket was bought in.

We wanted to put it in the name of our family trust, but were unable. You dont expect to ever be in this type of situation, but we certaintly ensure that now when we buy tickets that they are in the names that would most benefit us tax wise in the long run.

Some how i think i have used up my lucky break in life, and dont think lightning will strike twice. Keep buying tickets however!

Wayne

Thanks Scott,

I will be in contact.

Wayne

“Whats the lap record, and which way do i go?”

Thanks Luke

Yes it is brand new, it is on the Gold Coast on the canals, 4 kms from Surfers Paradise with views over the city. It also came fully furnished, the family and i spent 4 weeks in it last August when we went over to take possession of the property.

I have been investing in property over the last ten years, and done very well, to the point that both my wife and myself resigned from our mining jobs 18 months ago, and went for the sea change. Prior to winning the home, i was working 2 days a week, whilst my wife has decided not to work ever since we left the mines. Winnning the home has taken the pressure off, for my wife to work at all or for myself to increase my days.

I have only recently discoverd the advantage of trusts in in the last 12 months, and kick my self that i had not found this site earlier. There is so much knowledge and help on this site, from people who are actually doing the things that they recommended.

It has certaintly brought us closer to retiring frommy 2 day per week job, but have to ensure whatever i do, it is still flexible enough to allow us to keep building our portfolio and investment goals.

Regards

Wayne

“What is the lap record, and which way do i go?”