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Viewing 8 posts - 1 through 8 (of 8 total)
  • Profile photo of bindin46bindin46
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    @bindin46
    Join Date: 2006
    Post Count: 12
    September 12, 2012 - 10:27 am

    Hi Derek

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

    Best regards

    Bindin 

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    @bindin46
    Join Date: 2006
    Post Count: 12
    September 11, 2012 - 11:52 am

    Thanks guys your input it has been very helpfull,

    Regards

    Bindin

    Profile photo of bindin46bindin46
    Participant
    @bindin46
    Join Date: 2006
    Post Count: 12
    September 10, 2012 - 12:54 pm

    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

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    @bindin46
    Join Date: 2006
    Post Count: 12
    September 10, 2012 - 12:43 pm

    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

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    @bindin46
    Join Date: 2006
    Post Count: 12
    September 10, 2012 - 12:07 pm

    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

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    @bindin46
    Join Date: 2006
    Post Count: 12
    September 10, 2012 - 12:04 pm

    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 out I would have  debt than I started with, so would paying down the LOC be my first step?

    Regards

    Bindin

    Profile photo of bindin46bindin46
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    @bindin46
    Join Date: 2006
    Post Count: 12
    September 10, 2012 - 11:52 am

    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

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    @bindin46
    Join Date: 2006
    Post Count: 12
    January 12, 2008 - 9:13 am
    Hi Dave
    This is great stuff forgive me for asking but in W A we dont have torrens titles what  is it ?

    Steve

Viewing 8 posts - 1 through 8 (of 8 total)