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  • Profile photo of BuccaneerBuccaneer
    Participant
    @buccaneer
    Join Date: 2004
    Post Count: 8
    November 8, 2004 - 1:38 pm

    Thanks Terry,
    I actually had an ABN about two years ago for a consultancy I had but I have not renewed this whilst I was salary employed – more is the pity. I have already considered registering an ABN again , so thanks for that tip.
    I suppose the alternative is to pick up work again and keep at this until I have some cred under under the new ABN.
    I think that having to put down 35% on a deal sort of kills the return on money down scenario .. although I suppose it will be ok for short term capital gains deals.
    Food for thought – I appreciate you imputs.
    alby

    Profile photo of BuccaneerBuccaneer
    Participant
    @buccaneer
    Join Date: 2004
    Post Count: 8
    April 26, 2004 - 12:18 pm

    Thanks Jay,
    I think im taking the 11 sec rule to literally. Basically I am calculating actual expenses v income and not factoring in depreciation , capital gain etc etc .

    Profile photo of BuccaneerBuccaneer
    Participant
    @buccaneer
    Join Date: 2004
    Post Count: 8
    April 22, 2004 - 11:06 am

    Thanks for all the input. Ive cooled off a bit on it now – spoke to the bank the other day and they are leaning towards a commercial loan … Ill keep my eye on it , but realistically I am still young at this and I dont want o put all my eggs in one basket – plus Im scratching to make the deposit which would freeze me up for a while ..Again , thanks all – some good advice taken on board.
    alby

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