“I decided it wasn't worth it… I chose instead to focus on my business… we refreshed our brand.”
“Renovation would be $250,000… I could put it into my business… I’ve lost about $250,000… current yield would be about 6.1%.”
Personal Finance with Ravi Sharma | Australian Finance & Property Podcast · Why I Sold My Properties In Australia | Regrets & Wins!
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What was described
Chose not to spend $200-$250 K on renovating a three-unit block and instead invested the money into his business
Purchase ≈$600K, sold $650K, renovation cost $200-$250K, lost $250K, rent $1,300/week, current yield 6.1%
Said nearby on the same subject
“Instead of click here, you'd write something like, see our guide to bathroom renovation costs.”
“These new beverage types have been huge for the industry… they invented new reasons for us to not drink water and spend money on their beverages instead.”
“We use $200,000 to pay down the home loan… then we take out a $200,000 loan and use that to invest… that $200,000 loan becomes tax deductible”
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