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  • Profile photo of garrymartin18120590garrymartin18120590
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    @garrymartin18120590
    Join Date: 2003
    Post Count: 9
    February 8, 2005 - 12:57 pm

    Sonny
    Have a think about refinancing and spreading it over a longer time frame as this will reduce you repayments.
    Check with the lender you have know and if not happy talk to other lenders.
    The idea of selling the one you own outright would be a bad move as this is a income that can assist you with the other repayments.
    Quickly doing figures you must have them on P/I at around 7.07%, look at a wealth package or a line of credit loan.
    Before you sell any be aware of the GST free for properties purchased before 1982 I think.
    I hope this helps
    Garry[evo]

    Profile photo of garrymartin18120590garrymartin18120590
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    @garrymartin18120590
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    Post Count: 9
    January 22, 2005 - 5:42 am

    Thank Derek
    It never hurts to ask, you never know.[biggrin]

    Profile photo of garrymartin18120590garrymartin18120590
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    @garrymartin18120590
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    January 22, 2005 - 5:32 am

    Derek
    You seem to know a lot of accountants, and recommendation for the Newcastle area.
    Thanks Garry

    Profile photo of garrymartin18120590garrymartin18120590
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    @garrymartin18120590
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    March 1, 2004 - 11:27 am

    Good one pisces
    The old saying first in best dressed.
    If you never ask you never recieve.
    Garry[:o)]

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    @garrymartin18120590
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    March 1, 2004 - 12:48 am

    Hello
    You mention that you are willing to pay $47000 in CGT, this is a free present to the Goverment were everyone else is trying not to pay any more tax’s then necessary.
    Take a second look first, think about you re draw ability , and if you can rent the property as this will give you income as well.
    Good luck.

    Profile photo of garrymartin18120590garrymartin18120590
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    @garrymartin18120590
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    February 29, 2004 - 12:46 pm

    Hello Steve
    I listened to the tape from the TV show, and it surprises me that some people would look a gift horse in the mouth, and dropout.
    I will not mess around and say that I would take there place with no questions asked.
    Give someone a go that is interested.[8)]

Viewing 6 posts - 1 through 6 (of 6 total)