All Topics / Help Needed! / This way or That way

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  • Profile photo of dash1dash1
    Member
    @dash1
    Join Date: 2010
    Post Count: 2
    November 4, 2010 - 6:29 am

    I have purchased an old brick cottage (regional area) and am renovating as well as extending it. I have the money for the reno however should I borrow instead for interest tax deductions and put my funds towards another property, mmmm

    Profile photo of Jacqui MiddletonJacqui Middleton
    Participant
    @jacm
    Join Date: 2009
    Post Count: 2,539
    November 4, 2010 - 11:53 am

    More info required… wages, value of brick cottage, debt remaining on cottage, amount of liquid cash savings you have

    Jacqui Middleton | Middleton Buyers Advocates
    http://www.middletonbuyersadvocates.com.au
    Email Me | Phone Me

    VIC Buyers' Agents for investors, home buyers & SMSFs.

    Profile photo of dash1dash1
    Member
    @dash1
    Join Date: 2010
    Post Count: 2
    November 5, 2010 - 6:43 am
    JacM wrote:
    More info required… wages, value of brick cottage, debt remaining on cottage, amount of liquid cash savings you have[/quote

    Injured military pension,
    cottage price 90,000, needs reno, outright purchase no finance
    Loc Parkes NSW, near school
    1000m block
    Reno/Extension cost 100,000, currently underway
    liquid cash 150,000

    ]

Viewing 3 posts - 1 through 3 (of 3 total)

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