Someone recently asked me:
“I’m about to sell my share of an investment property we bought long ago with a friend – should I pay off my home loan or roll it into another investment?”
After the sale of this property , and after CGT, they’re walking away with a solid chunk of cash.
My answer? You can do both!!
Here’s the gem 💎
This is what you do:-
1. First, use the proceeds to wipe out your home loan. This clears your non-deductible debt !
2. Then, once your home is mortgage-free, let us revalue your home and tap into the equity to fund your next investment.
Now, instead of personal / non taxable debt, you’ve got tax-deductible investment debt —
with OPM (other people’s money ) working to build you wealth
That’s the foundation of a solid debt recycling strategy.
You’re not stuck juggling old loans. You’ve hit reset:
- no owner-occupier non detectable debt,
- access to capital, and
- a clean structure to grow your wealth more efficiently.
As Robert Kyasaki from “Rich Dad Poor Dad” says
“Debt is good — as long as it’s working for you .
The key is in how you structure it.
Need help figuring this out?
Contact me at www.bsifinance.com.au — and let’s build a strategy together to help you grow your wealth through “good tax deductable debt”
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