Hi,
here goes my very first post. (I'v been a lurker for quite some time, though). Im currently considering knocking my house down to build 2 new ones, one to live in and one to rent out. I've checked with the town planning (shire of canning in WA) who told me yes I can, and that I can build as a grouped dwelling and subdivide later.
Any idea on how this would impact on mortgages? I currently owe 56,500 on the property (would sell for 310,000), earn 60,000 and have no other debt.
And yes, my next step is to start finding a mortgage broker to talk to, followed by my accountant who will be thrilled at the thought of finally having deductions on a tax return for me.
And I am so tempted just to email Richard Taylor on the other side of Australia. He sounds as though he knows what he is doing.
Thanks,
Christine.Hi Christine
Firstly welcome to the forum and i hope you enjoy your time with us.
I am actually in the UK on holiday until the end of January but still working away so feel free to drop me an email.
Be suprised how many clients similar to yourself i have had in the same boat.
If the numbers stack up then definately could be a good deal.
Cheers
Yours in Finance
Richard Taylor | Australia's leading private lender
Hi Richard, I hope you are having a good time in the UK! I'll give you an email at the start of February. I'm not in a tearing hurry, so I can take my time to do this right.
Christine
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