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  • Profile photo of luke123luke123
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    @luke123
    Join Date: 2010
    Post Count: 3
    July 20, 2010 - 1:34 am

    thanks for all the comments/advice.

    We will sell one of our positive geared property (positive because we have owned it for 9 years)  pay down debt on LOC and set the rest in an offset on the ppor ( holding on to the cap gain tax until tax time ),

    we may evensell one of the IPs that has made a capital loss to ease the cap gain.

    may do an income tax variation to make life easier.

    Profile photo of luke123luke123
    Member
    @luke123
    Join Date: 2010
    Post Count: 3
    July 14, 2010 - 5:04 am

    thanks this is very handy.
    the bank has said a big no to increasing our LOC. most of our loans are fixed so penalties will be incurred if we refinance     so i guess we may have to sell 1 to reduce pressure and gain cashflow.

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