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 a bit,but defintely not panicing.just as there was a way into this problem..ther’s a way out.its never really bothered me that the money has been lost[may sound stupid]…by my way of thinking..it’s gone and it wont come back.we have the resourses to make 10 times that amoumt and more,lets get down to it and start doing some figures on the next deal..but this time nothing high risk..and let me tell u guys trading warrants with out a plan is the stupidest thing i have ever done..thanx again every one..cheers

stelep…down for the momment..but defintely not out:)

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

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 and i own a house which we live in, bought in a trust[the idea being to claim as much as we could]we bought it at the end of 2001 having watched recent sales in the neighbourhood and talking to agents i would place a currant value of 330k on it[4br,1150m2,mountain views..loganholme].we owe 125k on it p&i and intend to take the debt to 180k soon to cover bad debt.from my calculations i have worked out that we should ahve approx. 83k in available equity.we are very interested in wrapping or any other form of investing that can help us attain financial freedom.atm what we do not have any extra cash to fund any new venture.
thats the very basics of it…and let me tell u it gets alot more commplicated..lol
once my girlfriend and i can get our heads around wrapping with actual purchases…i’d like to ask questions about what my brother and i can do with about 600k in equity we have in ip and ppor’s..but thats a whole new ball game[as he is very skeptical]