Thanks Weston for those words of wisdom , we were also considering the aspect of the refinancing as well though with the extra costs with the additional money to repay was weighing us down . And in reply to the reason for the sale , is because we are looking to purchase our third property .[]

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hi inverstor

doing some figures it looks like…

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Yes as the others agree I too would like to enjoy the fiancial freedom though 1 point I would like to make is don’t let this point rule your life because you will see be able to see your children grow up if you let it . I myself have had personal experience at this as I had my children at a young age and grew up with them ( 19 when my 1st son born…[Read more]

GO FOR IT !

I too am new to this investing though I feel sorry that you read only to page 82 , just like to point out that there is a seminar in Brisy on the 23rd Nov cost 1239.00 cu there.
Ian Jackson .

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Must of been a really small room ( 3 x 3 ) and very, very cheap fixture for the kitchen and ensuite to do all that building work for around 15k. ?????

Actually the kitchen alone measures 6 x 5 the reason it has cost so cheap is because Being in the industry I am able to purchase materials very cheap and able to write them off to my business .

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Investor,

The $53 000 is tax free if you take it from the loan. Problem is that if you take it for personal use you are really just going to create a non deductable $53 000 debt.

If you use it to buy another IP then it will be deductable and still tax free.

You will incur CGT should you sell the property to get to the $53…

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