All Topics / Help Needed! / what to do how to do it?

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  • Profile photo of dave27hdave27h
    Member
    @dave27h
    Join Date: 2005
    Post Count: 2
    February 10, 2005 - 4:12 am

    I bought a ppty in 2002 (first home), and then sold it in 2004 to purchase a vending buisness. I now would like to purchase more ppty but have limited security and funds. I would love to hear some advice on wether it would be more beneficial to buy a ppty to live in and renovate, as i am currently renting at moment $210 pw, or would i be better off trying to find something positive geared and continue renting.
    would love your comments.

    ?

    Profile photo of TerrywTerryw
    Participant
    @terryw
    Join Date: 2001
    Post Count: 16,213
    February 10, 2005 - 5:15 am

    It could be possible. If you lived in the property, you would save rent and it would be easier to renovate, and you would not have CGT to worry about.

    Terryw
    Discover Home Loans
    Mortgage Broker
    North Sydney
    Click below to email me

    Terryw | Structuring Lawyers Pty Ltd / Loan Structuring Pty Ltd
    http://www.Structuring.com.au
    Email Me

    Lawyer, Mortgage Broker and Tax Advisor (Sydney based but advising Aust wide) http://www.Structuring.com.au

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