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  • Profile photo of steamtrainsteamtrain
    Member
    @steamtrain
    Join Date: 2003
    Post Count: 4
    November 17, 2004 - 7:18 am

    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.

    Profile photo of steamtrainsteamtrain
    Member
    @steamtrain
    Join Date: 2003
    Post Count: 4
    November 17, 2004 - 4:57 am

    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 are good properities.
    The whole question came around due to the PPOR interest, it’s a huge waste and I know I should be renting it out and renting myself, but as most would agree it’s a good feeling owning your own “home”.

    It was interesting to get other opinions on what others would do.

    Cheers.

    Profile photo of steamtrainsteamtrain
    Member
    @steamtrain
    Join Date: 2003
    Post Count: 4
    November 17, 2004 - 3:07 am

    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.

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