Jarvis {{{{{{{ HUGZ }}}}}} Never forget hun there are people who are willing to listen. I can not pretend to know what your going thru so I wont.
All I know is that when the lowest point in my life hit…I called LIFELINE 13 11 14
Its anonymous, and you can speak to someone who is qualified, and has the contact details of people in your area that can help you with alllll sorts of dilemmas.
You know, Americans are exempt from the requirements of the Foreign Investment Review Board when they want to buy in Australia so it would indeed be interesting to see whether these rights are reciprical.
One possible problem I can foresee is that it may not be easy for a foreigner to borrow home or investment loans in the USA unless one is employed there.
Jarvis
You must speak to someone to get help.
I know it is hard when you have financial worries and a new baby on top of troubles with your partner. In the light of day be careful not to make decisions that might be hasty at such a tumultuous time. I tell my girls I am not rich but I am rich in love and believe me it is unconditional.Remember you will have this with your little boy. You must make a plan to see your way through this tunnel.
Get on line to let us know you are okay
take care
kod
Ben, it costs so much to sell and buy again; there are so many people with their hand out wanting a piece of your action, the ATO being just one of them. I think you should hang on to those properties for a lot longer. Remember that if you let an investment compound for 10 years, and then pay tax at the end of that period, you will end up with a lot bigger total than if you buy and sell 10 times at intervals of about 12 months (at least 12 months plus 1 day for cgt reasons) and pay tax each time, purely from a mathematical point of view. (assuming capital gain is similar for each strategy) This is not including all the buy and sell costs, which makes it much worse to trade more often.
Also you’ve got at least 5 to 7 years of substantial depreciation left to run, so you should be net positive after tax for a while yet. Hopefully your rent will increase a bit in that time. You should do a “witholding variation” with the ATO so you don’t have to fork out that $450 each month.
I’m in a similar situation with 4 IPs, and I’m now just in the process of applying for a new loan based on my increased equity. I’m going to use it for shares though.
I am soooooooooooooooooo tempted to bribe a moderator…say $100 bucks…to reduce arty down to NEWBIE status again!! Just so I dont have to keep hearing “Ive got 4 gold stars so ner” followed by a smug :þ
Make that $200……..
~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ
I handled the kids nappy changing and all that without a worry…..even the vomiting!! (our youngest had reflux and she threw up for about 2 years non stop LOL)
But….a strangers gastric exploits? NO..I couldnt go there!![xx(][xx(]
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~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ
emoticons [](so thats what they are called LOL) and saying something….[:0)]….then following it with dots…[:0)]….is one of my WORST [}] habits!!! Not to mention using waaaaaaaaaaaay toooooooooooo many exagerated words and italicing everything toooooooooo make a point!!!! Ive been told I alsoooooooo use exclamation points to an excess!!!!!!!!!!!!!!!!
Oh…adn my speeling sux two!!! [:0)][:0)][][]
~ If at first you dont succeed…destroy ALL evidence you ever tried to begin with! ~ :þ
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