steamtrain replied to the topic Sell or Hold in the forum Help Needed! 20 years, 1 month ago
Terryw,
I hadn’t thought of selling to my wife, that’s not a bad idea, as 4 of the properties are in my name and the tax benefits are shrinking.Could you explain in a little more detail how a trust may be of benefit in this situation?
Steven, the rent figures I gave were gross dollars so the net is not as attractive.
steamtrain replied to the topic Sell or Hold in the forum Help Needed! 20 years, 1 month ago
Thanks for your responses. As stated it’s a difficult question as there a a lot of variables. If I sell the one with the most equity I lose income but gain savings on my PPOR (reduced mortage). If I hold there should be CG in the future (but who knows). If I sell all three I can be mortgage free and start again, but the properties I currently hold…[Read more]
steamtrain replied to the topic Sell or Hold in the forum Help Needed! 20 years, 1 month ago
No, the ivestments are in areas that I don’t want to live due to lifestyle and work. They are also not the standard conventional property.