Forum Replies Created
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….
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 any capital gains coz that your home. And perhaps look for the home that you really like to live in to upgrade.
In regards that you need to find another lender coz your lender not allowing you to borrow.
I think it will be wise to ask whats the reason. coz if you go to another lender you will end up building that confidence again not like now that they know your history.
Of course they are not the only lender that you can borrow and also shop around coz everyone have different situation.I am sure that you will find the lender that will suits your needs.
ta,
emwe 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.
