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J.P.T.
- 31, Male
- melbourne
- Australia
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J.P.T.'s Discussions
A supermarket’s job is to make us spend more.
Replied Nov. 19, 2008
Market chaos - when will it end?
Replied Oct. 26, 2008
J.P.T.'s Page
Profile Information
- Age
- 30-45
- Sex
- Male
- What is your Money Confession? (Your biggest money win or stuff up)
- could have bought 2 houses for 65k each 10 years ago, which would now fetch $250K EACH. INSTEAD BOUGHT ONE FOR $120K.
- What is your financial goal?
- To make my money work for me!
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Hi all,I am after some advice and ideas from everyone, professional advice thus far has been to declare bankrupt and get it over and done with.
This is my situation, I used to own a company that T/O was around $1M p/a. The business had a bad season…
Be aware that Fox Symes is more of a credit management company and might not be what you need. I would talk to the lease company first, explain your circumstances and try to renogotiate the lease terms, eg extending the term to make payments less...…
The Shire of Litchfield had a problem collecting about $250,000 from unimproved land holdings which were unmaintained and basically had no active ownership. This properties known as "dead man" leases were owned by estates that acquired them in the 1…
You should email this to Get-Up
Ever read "The richest man in Babylon"? Its got the most straight forward financial plan that applies to anyone.
In fact you can buy a series of books revealing Buffetts strategy. The ones I prefer are any authored by Mary Buffett but there are others as well
We'd love any advice or opinions on the following;
We've got 3 properties (2 investment properties and 1 principle residence). We lived in our principle residence for 2 years and have been renting it out for the past 5.5 years, the property is va…
Message to billionaire Aussie John from inside a rat infested squalid Indonesian jail. From Robert McNeice. John I am sorry I did not pay back your money but please I have suffered enough. I need your help to me get out of here, my health is not…
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Rather than sell the house you could rent it out that way the mortgage and any other expenses are tax detuctable.
As far as I am aware, as long as you do nit declare another primary residence you will not incur caplital gains tax for up to six years.
If the property is in a good area and in good condition then maybe selling is not the best option as what you are indicating is that it is not the money you need just reducing your overheads.
Using the, then investment property, as equity you could then, at a later stage, take out a line of credit for share investment.
The greatest skill in building wealth is to e able to ride the storms.
Looking at your goals there are other ways to end up owning a house in 10 years than paying cash
I feel if you sell out now without doing the due diligence it will become another "could have" in your life.
Hope this helps
I'm just wondering would it be silly to sell my house and rent. Then use the money from the sale of my house($100k) to invest in shares or funds?
ps. sick of being a slave to a mortgage!