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  • Profile photo of jowoodcroftjowoodcroft
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    @jowoodcroft
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    May 20, 2011 - 11:18 am

    Thanks again Richard, i will take these suggestions to my accountant

    Profile photo of jowoodcroftjowoodcroft
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    May 19, 2011 - 3:05 am

    Thanks for the cautionary tale. That sounds a nightmare. Your experience has given me a good heads up with discussions to have with a lawyer.

    Profile photo of jowoodcroftjowoodcroft
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    May 19, 2011 - 3:01 am

    Hi Richard,

    We are not high earners and we have our own business so not sure if 1 of us in our own right could do this. We have a combined income of $130k, would this hinder us?
    I will be seeing my accountant soon but I'm just formulating ideas and considering options at this stage. It apperas that brokers dont always give accurate advice regarding tax issues and accountants dont always have broad enough ideas to consider different loan structuring scenarios.

    Thanks for the continuing advice

    jo

    Profile photo of jowoodcroftjowoodcroft
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    May 18, 2011 - 10:31 am

     I would be interested in buying 2 tickets

    Profile photo of jowoodcroftjowoodcroft
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    May 18, 2011 - 9:49 am

    Thanks Richard,

    Do you have any suggestions as to what would be the best way to hold on to this property and buy a new one. Would we be best to pay out the old loan and get 2 completely new loans twhen we find another house that reflect the desired outcome of a new PPOR and the old house becoming an IP.

    Thanks

    Jo Woodcroft

    Profile photo of jowoodcroftjowoodcroft
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    August 11, 2010 - 12:27 pm

    Can you claim that retrospectively? We bought our PPOR in 2006

    Profile photo of jowoodcroftjowoodcroft
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    July 15, 2010 - 10:29 am

    Thanks for your reply, Thought it might be a bit vague to get any responses. Firstly we are not professional renovaters ie its not our busness, we work in the entertainment industry so by chance have tradespeople through our doors.
    So how do we find professional impartial advice. we are in Sydney.

    Profile photo of jowoodcroftjowoodcroft
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    @jowoodcroft
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    July 13, 2010 - 12:44 am

    Hi All, need advice on next investing move
    W have just finished renovating our PPOR in sydney. The house is valued at 680k -700k, we have a mortgage of about $350k.
    We love renovating and are pretty good at it, I am a designer and my husband is a builder. We have our own business where we have lots of tradespeople working for us too so renovating is an obvious strategy for us. Any advice on our next move, ie sell our PPOR and use the profits to start buying investment properties that we can renovate and hold and rent or sell. we are quite attatched to our Sydney house (big mistake I know) We would have to rent a house to live in in this case. Or should we stick to renovating PPOR's and sell every 5 years or so. We dont really want to live through another renovation as this one took us 4 years (we didnt borrow any money to do it so did it the long way) Were both in our late 30's and want to fast track our finances. as we have our own business we would also like ti think about structuring our property investments separately to our business interests. At the moment all our assets are in our names and probably quite vulnerable should anything go wrong with the business.

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