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thanks sue for your advice.my hubby wanted to save tax but now wants to create wealth.he is also more hesitant than i am about making decisions wher as i say give it a go.he is concerned that we could buy a renovator and go to sell it and not make our money back because of the market.he says people are starting to worry about interest rates and house prices will go down.i would be happy if we made 10grand on it where he would want more.but 10 grand is ok for a few months work.and anything extra is a bonus.i have just bought steves book 0-260+properrties in 7 years but havnt had a chance to read it all yet.
thanks marc,
i can see light at the end of the tunnel now.my brain is ticking over with some new ideas.my hubby hates it when i get new ideas because anything is possible.i like taking chances they are a new challenge for me.we have had a depreciation scedule done on ip but i didnt relise we could get it back in my hubbys pay packet. thank u so much for your help in this matter.you explain it all very clearly. thanks againsorry to confuse you.i am not sure which way to go with making investing work.we can afford ip but i feel we r putting to much into it and the reason why i said do we sell our own home is to get some money behind us to be able to positive gear and buy more ip.how does anyone afford to keep buying houses unless they have alot of cash behind them.because all the fees involved on top of purchase price is a killer.
hi,could u sell the place u r in and rent a house?that way u could refinance the investment property and have cheaper repayments. could u put the rent up?may be wait a while to sell until market is better.i am in a similar situation at moment.but i am hanging in for a while before i sell up.
