From: Land Holdings
In today's Sydney Morning Herald, in the Money manager section there's an article 'House work: How to profit from your prized possession'.
Some of the suggestions for 'making money' out of your property are:
1. Reduce your home loan so that once it is paid off you can 'divert the money you were using for mortgage repayments to other investments'.
2. Sell your home and rent a while. 'They can look at taking these profits and doing something else with the money. Instead of being asset rich cash poor.'
3. Borrow against your home to invest shares, managed funds and investment properties. (This last one's alright!)
4. Borrow against your home to start a business.
5. Rent your spare space.
6. Subdivide. Sell the bit you don't need to someone else.
7. Use your home as a set for commercials.
8. Take a holiday and rent out your home only if you live in the 'right' area.
9. Downgrade so that you can improve your lifestyle or improve your ability to invest.
10. Trade down to contribute the extra into Super.
My point score: 2/10. What do other investors think?
LH.
In today's Sydney Morning Herald, in the Money manager section there's an article 'House work: How to profit from your prized possession'.
Some of the suggestions for 'making money' out of your property are:
1. Reduce your home loan so that once it is paid off you can 'divert the money you were using for mortgage repayments to other investments'.
2. Sell your home and rent a while. 'They can look at taking these profits and doing something else with the money. Instead of being asset rich cash poor.'
3. Borrow against your home to invest shares, managed funds and investment properties. (This last one's alright!)
4. Borrow against your home to start a business.
5. Rent your spare space.
6. Subdivide. Sell the bit you don't need to someone else.
7. Use your home as a set for commercials.
8. Take a holiday and rent out your home only if you live in the 'right' area.
9. Downgrade so that you can improve your lifestyle or improve your ability to invest.
10. Trade down to contribute the extra into Super.
My point score: 2/10. What do other investors think?
LH.
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