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  • Profile photo of symonehsymoneh
    Member
    @symoneh
    Join Date: 2010
    Post Count: 3

    Hi Terry

    I am new at this , and not sure of all the shortened words what excatly is CGTs ?  After selling the house 3 IN TOTAL, WE WOULD POSSIBLY WALK AWAY WITH $350,00.00 THAT IS PLENTY TO BUILD ( IN A REGIONAL AREA) AND THE PRICES AT THE MOMENT COULD SEE US MAKE A GOOD PROFIT FROM BUILDING ONCE IT IS FINISHED ( SO i WOULD LIVE IN THAT HOUSE FOR 2 YEARS  AND TAKE THE PROFIT AS TAX FREE AS WELL, AND KEEP ON BUILDING AND SELLING UNTIL WE REACHED OUR GOAL) .

    WITH OUR CURRENT RENT AND ALL THE EXPENSES FROM 2 OF THE INVESTMENTS WE SPEND  APPROX $20,000.00 a YEAR OUT OF OUR POCKET.  iF WE WERE TO BE MORTGAGE FREE WE WOULD CONTINUE TO BUY BUT HAVE OUR OWN HOUSE AND NO REPAYMENTS EXCEPT A CREDIT CARD THATS ALL WE HAVE, NO OTHER LOANS.

    tHANK YOU SO MUCH FOR YOUR RESPONSE AM NEW AT THIS SITE, THANK YOU AGAIN

    KIND REGARDS FROM SYMONE

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