Forum Replies Created

Viewing 7 posts - 1 through 7 (of 7 total)
  • Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    January 14, 2011 - 4:27 am

    Thanks Richard!

    Do you know of any good brokers? If so could you please send me a PM?

    Thanks minichick!

    Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    January 14, 2011 - 4:22 am

    Thanks for all the feedback on this.

    We've made an appointment with our accountant next week. Hopefully he can assist us with our situation. From there we will look at re financing. Will provide some feedback!

    Cheers,
    Jim.

    Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    January 13, 2011 - 3:11 am

    Hi cmason / speedy g,

    Thanks for the information, you've been a great help and it certainly has cleared the air. Much appreciated to everyone!

    Ever since purchase the IP's been rented out. So I assume it will have some CGT implications?

    I think we may use the IP as equity and look at buying another IP. I would like to hang onto the current IP.

    Cheers,
    Jim.

     

    Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    January 13, 2011 - 1:30 am

    Hi Den / Scott..

    Thanks for your replies on this. I'll have a chat to my accountant.

    Jim.

    Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    January 13, 2011 - 1:01 am
    Terryw wrote:
    I would seriously look at selling and using the proceeds to pay off your PPOR loan. If the IP was your partners main residence at some stage it may be CGT exempt.

    Hi Terryw,

    Thank you for your reply.

    I would ideally like to pay off my PPOR. I am trying to investigate if its possible to re finance and pay off my loan on our PPOR and transfer the loan over to the IP? This would obviously help with tax reasons and would be debt free with our PPOR. I would rather not sell the IP we have as there is a possibility that a unit could be build at the back of it (place across the street did this and land size is the same). Will investigate this at a later stage.

    Thanks,
    Jim.

    Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    January 13, 2011 - 12:59 am
    Bluegrass wrote:
    Hello Want to Invest Use the equity to do a spruce up on the IP and gain a bit of depreciation on it and go buy a couple of new IP's. You are in a good position. Make a consideration of a display home with a guaranteed rental return for a period of three years and another property in a different location. We can help with your sums. Regards Kevin

    Hi Bluegrass,

    Thank you for your reply on this. Are you saying to do a bit of a tidy up, some renovations? If so I did this not too long ago. Very minor works such as some kitchen / bathroom tiling and replacing broken bits to rent out the place. Quite a bit or repairs and maintenance really. Also cleaned up the garden and re painted.

    We are definitely looking at another IP but want to get my finances right first.

    I like the idea of a display home. Do you know where I can find details of this?

    Thanks,
    Jim.
     

    Profile photo of Want2investWant2invest
    Participant
    @want2invest
    Join Date: 2009
    Post Count: 9
    December 2, 2010 - 4:09 am

    Hi Martha,

    Am interested on this topic. Please also let me know your findings.

    Regards,
    Jim.

Viewing 7 posts - 1 through 7 (of 7 total)