hi all,
thanks for your responses…yes teh debt is deductable,so in a sense it will be written off,which we have done on one IP already.i suppose in my mind i know what i want and will do it..i.e get more cashflow..and yes melbear it is a good chunk of dosh to drop on the warrant market in a few mnths…and i’m a dick for doing it…worried..yes…[Read more]

by my way of thinking,i would like to use the equity to buy say a cashflow business with a portion of it and then with the cashflow from the business buy more realestate…and leave the bad debt there…using the interest payment as deductions..then down the track pay the 550k off bit by bit without having to seel property…cheers

hi yak,
yes the losses are capital losses,and that has been suggested..its that i feel y sell high growth properties,which they all been..luckily..when we could use the remaining equity to do the work for us,as in get other peoples money to work for us and pay the debt down.
thanx for your reply

np..

hi fhog,
thanks for the reply..i will pm/email u soon.i have so many question..my mind is literally numb atm trying to think of which order to put my questions in..i suppose the reason i found this site is cos i’m in need of cashflow and +ve cashflow at that..bugger…where to start?..i own my own cashflow business[takeaway food]..my girlfriend…[Read more]

hi kay…seeing that i’m ugly that may help..lol