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  • Profile photo of al2216wal2216w
    Participant
    @al2216w
    Join Date: 2007
    Post Count: 3
    December 18, 2007 - 7:57 am

    Thanks for the suggestions.

    I will be seeing my broker again soon.

    I will see what his opinion is on taking

    $150,000 on a fixed 3 or 5 years and,
    $66,000 on a variable with a 100% offset account attached.

    This seems sort of what you guys are recommending. Plus Peter G makes a good point saying "the debt will be tax effective after 6 months" which is important to consider given that it will be an Investment property.

    Profile photo of al2216wal2216w
    Participant
    @al2216w
    Join Date: 2007
    Post Count: 3
    November 20, 2007 - 10:00 am

    Hi,

    New to the forum. First post.

    I had two cars, a 2006 Suzuki Swift S which I sold a couple weeks ago. The other car which I still own is a 1992 Toyota MR2 which I may need to sell also as I have just purchased my first property on my own and I can see myself being short for cash with renovating before renting it out. At the end of the day cars are depreciating assets and if your young like I am it's wise to invest money in an appreciating asset. When I become a little more financial stable I may buy something nice.

    That said, the MR2 is pure sex, awesome car, handles incredibly. I may shed a tear when I'll have to let her go.

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