emf2fJ replied to the topic $1M In Properrty In One Year in the forum No Subject 20 years, 2 months ago
Hi hmackay,
I agree with you… This books is very inspiring and it gives you motivation to look for opportunities..and it is achievable … thanks to all the mappers and Also to Steve and Dave …Congratulation to all the people involve for making this wonderful and great book….
emf2fJ replied to the topic first IP using home equity in the forum General Property 20 years, 9 months ago
Hi Beata,
I am not sure why you want to move in your IP that you are going to buy in the long run unless this will be upgrade home and turn the other one to be IP.
When time you want to sell that property you will need to pay capital gains even in short period of time that been in rental. unlike now if you decided to sell it you are not paying…[Read more]emf2fJ replied to the topic Your First IP !! – Post here ! in the forum General Property 20 years, 9 months ago
we bought our fist IP back on 2001 for 116k.Rent for 120pw now is worth 210-220k rent130p/w.
That time we don’t know what we are doing is negative geared property.
Now we are trying to get re-finance and bank will value that property and used the excess money to buy more IP…
This way we can cash in the Cgains without paying tax.