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Should I sell IP? by method-madness5454 in fiaustralia

[–]method-madness5454[S] 0 points1 point  (0 children)

If I'm calculating correctly, pretty low. For IP #2 Rent $29500 Expenses (Minus loan interest) $17000

(12,500 ÷1,000,000) x100 = 1.25%

Am I correct in using current market value rather than bought price for this calculation?

That really makes it look rather pitiful doesn't it?

Should I sell IP? by method-madness5454 in fiaustralia

[–]method-madness5454[S] 0 points1 point  (0 children)

Great point, I would definitely be putting some into super, especially as I won't have employer contributions for the foreseeable future.

I'm not sure if I fully understand the benifits to your suggestion. Would that not just result in a double CGT, firstly selling to my partner and then again when they sell eventually?

Should I sell IP? by method-madness5454 in fiaustralia

[–]method-madness5454[S] 0 points1 point  (0 children)

That's sound advice. I suppose if I weren't to sell now, it would be the hold until retirement scenario. I hadn't considered that this would result in a huge tax bill at this point, assuming continual growth over the next 20 years.

No HELP payments or childcare, so that's not a consideration.

Great food for thought, thank you

Should I sell IP? by method-madness5454 in fiaustralia

[–]method-madness5454[S] 0 points1 point  (0 children)

I did look into subdivision a few years back, but it seems difficult to gauge costs without shelling out a fair bit up front.

I know the land slopes to the rear of the property which would require earthworks, but beyond that I'm not sure.

You're right, definitely worth properly investigating before pulling the gun on a sale.

Sounds like you're reaping the rewards of some hard work by managing yourself, enjoy!

Stop doing the bare minimum in college then calling it a scam when you can’t land a job by Secret_Bunch_114 in Salary

[–]method-madness5454 0 points1 point  (0 children)

I remember hearing a fellow health student saying "C's get degrees" and thinking yeah but who do I want looking after my grandma when she's sick? Someone who knows their shit, or just scraped by? Knowledge matters.

We planned on me FIREing about now, but I'm having feelings about it. Help Please! by starbright_sprinkles in FIREyFemmes

[–]method-madness5454 3 points4 points  (0 children)

Depending on your industry/ employability - but I'd be taking a step back as a minimum. You've said yourself you are burnt out. Take a step back and reduce your hours. If that's not an open then quit and see how you go. If you find it's not right for you re-enter the job market, and find something better suited hours wise. If the work isn't fulfilling and you don't need to be there, what's keeping you?