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Viewing 4 posts - 1 through 4 (of 4 total)
  • Profile photo of cheersycheersy
    Participant
    @cheersy
    Join Date: 2010
    Post Count: 5
    August 29, 2010 - 9:57 am

    Thanks Garry, off to see a Property Accountant soon, hopefully he will be able to help. Thank you (and Terry) for the tips.

    Profile photo of cheersycheersy
    Participant
    @cheersy
    Join Date: 2010
    Post Count: 5
    August 28, 2010 - 12:38 am

    Unless you can see good growth in this property I would sell it and buy 2 good investment properties and just rent where you want to live.
    Cheersy

    Profile photo of cheersycheersy
    Participant
    @cheersy
    Join Date: 2010
    Post Count: 5
    August 28, 2010 - 12:27 am

    Is anybody doing this and how did you structure it so it doesn’t look like you’re just trying to avoid tax? Would appreciate any thoughts.
    Cheersy

    Profile photo of cheersycheersy
    Participant
    @cheersy
    Join Date: 2010
    Post Count: 5
    August 28, 2010 - 12:20 am

    Why not take the 2 months to thoroughly research where you want to invest your money, your 2nd IP could be the one that prevents you from buying another if the cash flow is poor, or it can be the enabler for further investment. The property market isn’t going anywhere in 2 months, don’t put your self under unnecessary stress.
    Cheersy

Viewing 4 posts - 1 through 4 (of 4 total)