Total Members: 159,130

bindin46

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Hi Derek
    I relay appreciate your feed back,you have helped me more the you know.

    Best regards
    Bindin 

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Thanks guys your input it has been very helpfull,
    Regards
    Bindin

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Derek
    Back in 2006 I didn't have a retirement plan I just keep working but since then I've had two strokes and before you know it  your life changes, taking things easy and having less stress is more of a priority however now I have debt.

    Regards
    Dindin

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Thank Guys
    If I could retire now I would but 5 years would be fine.
    My PPR is paid off only the LOC on my PPR is left.

    Regards
    Bindin

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Hi Terryw
    No the LOC is Tax effective it just that there is more costs than income and I'm not sure what to do.
    Regards
    Bindin

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Hi Derek
    Yes the lack of growth is a problem, One property is in Armadale and one in Seville Grove and I live in Marmion, my plan for the properties was to give me an income later on, the LOC was used for buying costs and renovations all of this is tax deductible, renting out the properties is not been a problem it's the debt if I wanted to sell…[Read more]

  • bindin46 replied to the topic Help with Finance needed in the forum Help Needed! 12 years, 2 months ago

    Hi Richard
    Thanks your comments, what I have is a debt on both properties and the LOC that I need to support, how can I retire with this debt?

    Regards
    Bindin

  • bindin46 replied to the topic Building 2 Houses with Photos in the forum General Property 16 years, 10 months ago

    Hi DaveThis is great stuff forgive me for asking but in W A we dont have torrens titles what  is it ?Steve

bindin46

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