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  • Profile photo of BennyhubBennyhub
    Participant
    @bennyhub
    Join Date: 2013
    Post Count: 5
    March 19, 2014 - 6:52 am

    Hey Mint Man,

    Settlement for a house I have just bought in Gorokan is on the 3rd of April so I'll be moving up there very soon from wagga with my girlfriend . I have bought in Georgina avenue and I was wondering what the growth is like in this area. I have bought as a home and have an IP here in wagga but interested in a locals opinion.

    Hope your 30 year plan is going strong and you have your 2nd house.

    Cheers

    Profile photo of BennyhubBennyhub
    Participant
    @bennyhub
    Join Date: 2013
    Post Count: 5
    April 30, 2013 - 7:46 am

    Thanks guys. I want to make sure before I dive into anything. I'm putting an offer in for a property tomorrow that I'm selling straight away on vendors terms to my clients. Because I'm doing an instant re sale I wouldn't benefit from the CGT discount? I plan to do this with many houses and base my company around vendors terms sales. The reason using a company appeals to me is because I would only pay 30% tax on all earning in the company and that means more for re investing. I'm currently in the 2nd highest tax bracket so would get stung with high tax once I get into it. Please all advice is welcomed!

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