WE ARE GOING TO MAKE IT!
The shares sold and money deposited last night – 21K! Woo – 3K more than I thought.[thumbsup2]
I think I will go and blow the whole lot on hats [cap][buz2][cowboy2][grad][xmas][party]
We’ve budgeted that we can hold our properties at 18K and we have more now so that’s FANTASTIC.
We’ll be able to re-invest some of that into our own home loan!
YAY YAY YAY
Sorry, it’s been a stressful time and we’ve been a bit worried about it.
Thanks for your advice everyone.
You guys ROCK. I ROCK TOO!
woo.
woooo…Just a thought – have you had a depreciation schedule done on the properties? You should get good depreciation on the 1 year old, prob. not the older flat. Then get a tax variation so at least your cashflow is improved a little. I know Steve M. doesnt like depreciation but sometimes you have to whats best in your situation. Good luck.
Always, luv happy endings and selection of hats.[biggrin]
Thanks SteveSharyn – I got a dep schedule done on the new one – and the depreciation is pretty good.
However the older one might not be worth it as it is in my wife’s name (no income to reduce tax on).I’ll consider it for the future though. Cheers
alwayscuriousRemember this?
Well – we turned it around. We sold some shares,
put some of the money aside into our home loan – and used it to upgrade our PPOR to bigger (growing family)
and then used some of the money to renovate the unit, and (as someone else elegantly put it) “Shot the dog”We sold the unit. We got a good price, put the money into our home loan, and are now looking around again.
Just thought I’d share the story –
sometimes it’s better to sell than to keep!Cheers
acAs a mother of two young children I have been through a similar experience as you. This is what I have learned. Separate your family life from your investment life. Do not allow your investment life to potentially harm your family life. Protect your family from potential bad investment mistakes. Buffer your family from risk. Expect your investments to be good for your family now as well as later. If they do not do the above then find another way to invest. You might be surprised what you will find if you are looking for it and expect better.
Get rid of your investments that are costing you so much money that you are struggling with your budget. Get what you can for them now and put it down to your first learning experience and be more savy next time. There are plenty of opportunities out there – don’t let the couple that are sapping you now close your eyes to the hundreds out there waiting to be discovered.
Enjoy your baby.Hi Guys,
After being at the seminar in Perth yesterday, Steve surgested that we should sell properties that have equity in. How then are we meant to build up a passive income flow if we are always having to sell our cash flow posstive ones and start all over again. I thought that was the whole goal???
Love to get an email from anyone in Perth that has the answer. Email me.
Sue
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