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From: Fat Boy .
I would one day like to get an IP at the moment I'm trying to set up my massage business from home. My current house is not suitable for it so I am selling because the bank will not lend me the money for another house. (Because it is bigger $300,000).
So I am selling it's on the market for $230,000. Once sold I pay my car off $19,000. And the left over will be the 5% deposit for the new house from which I will be working part-time for now (Therapeutic massage).
I have been told that I can get quite good tax deductions if I run my part time business from home. Thus improving my chances of later buying a P+.G. property.
The bank says there is no other way for me to borrow $285,000 without paying my car and selling my house.
It's a bit of a shame especially when I hear people say never sell.
At the moment I believe that in my situation of needing a bigger place so that I can run my business there is no other way.
I have even tried a broker to see if he can help me get a better loan. He says that I can't afford to keep my first house.
At the moment I don't know how I will ever get an IP. Do they always have to be on the low scale of the market?
Anyway I hope some of you professionals out there can make some wise comments.
Hoping to be fat.
Da Fat Boy
I would one day like to get an IP at the moment I'm trying to set up my massage business from home. My current house is not suitable for it so I am selling because the bank will not lend me the money for another house. (Because it is bigger $300,000).
So I am selling it's on the market for $230,000. Once sold I pay my car off $19,000. And the left over will be the 5% deposit for the new house from which I will be working part-time for now (Therapeutic massage).
I have been told that I can get quite good tax deductions if I run my part time business from home. Thus improving my chances of later buying a P+.G. property.
The bank says there is no other way for me to borrow $285,000 without paying my car and selling my house.
It's a bit of a shame especially when I hear people say never sell.
At the moment I believe that in my situation of needing a bigger place so that I can run my business there is no other way.
I have even tried a broker to see if he can help me get a better loan. He says that I can't afford to keep my first house.
At the moment I don't know how I will ever get an IP. Do they always have to be on the low scale of the market?
Anyway I hope some of you professionals out there can make some wise comments.
Hoping to be fat.
Da Fat Boy
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