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  • Profile photo of gazzasliquorgazzasliquor
    Member
    @gazzasliquor
    Join Date: 2005
    Post Count: 3
    January 11, 2005 - 8:08 am

    Dear All,
    thank you very much for all responses to date. Yes, property in question bought prior to 1985. Will take all sugestions on board…now to find the properties….cheers.

    Profile photo of gazzasliquorgazzasliquor
    Member
    @gazzasliquor
    Join Date: 2005
    Post Count: 3
    January 11, 2005 - 1:23 am

    Dear Terryw,
    the property we thought of selling is Sydney Inv property, valued min $600k with $100k debt, but it only returns $245pw before expenses. We thought of selling it to fund purchase of say 3 or 4 new properties which would return min $200 each, that is turning $500 equity currently only paying $245pw to turning $600 to $800pw.This property is also Capital Gains Free. Cheers Gaz.

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