Ravi a lot of your assumptions are based on being positive cashflow. However with the high interest rates and land tax rates would make being cashflow positive difficult.
I am 58 plan to retire in two years. retirment is funded by super. I own my home. I have one investment property, only just positively geared, at the point i have to pay 2k in tax each year. estimated value 500k with 300k oweing. I have 80k and i am onterested in different stradigies going into retirment. Planning to put 20 k away as an emergency fund. So 60k to play with. A video on this would be good.
I didn't understand option 3. How are you going to get the initial deposit required from Option 3 if you were to buy a $1.5 million dollar property for example, where you need a 20% deposit of $300k initially?
Haha I actually have this same situation personally. I ended up selling $3m, paid off $1m mortgage, and keep the other assets. Just sell enough for my primary residence mortgage free
Hard to know what to do. I guess it is better to be in a situation to have options rather than no options. If you sold all and then purchased your mansion, as a couple you would have an additional $45k in pension.
Ravi a lot of your assumptions are based on being positive cashflow. However with the high interest rates and land tax rates would make being cashflow positive difficult.
I am 58 plan to retire in two years. retirment is funded by super.
I own my home.
I have one investment property, only just positively geared, at the point i have to pay 2k in tax each year. estimated value 500k with 300k oweing.
I have 80k and i am onterested in different stradigies going into retirment. Planning to put 20 k away as an emergency fund. So 60k to play with.
A video on this would be good.
I didn't understand option 3. How are you going to get the initial deposit required from Option 3 if you were to buy a $1.5 million dollar property for example, where you need a 20% deposit of $300k initially?
Great video
Haha I actually have this same situation personally. I ended up selling $3m, paid off $1m mortgage, and keep the other assets. Just sell enough for my primary residence mortgage free
Timely post much? News last night: "might be a rate cut in December" instead of rate cuts by September... 😬
Hey ravi can you please do a video on Graham Holm loan set-up and pros and cons ?
Hard to know what to do. I guess it is better to be in a situation to have options rather than no options. If you sold all and then purchased your mansion, as a couple you would have an additional $45k in pension.
1st comment :)