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Positive geared serviced apartment

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Peter Rendina | 04 May 2015, 09:46 PM Agree 0
Hi there,

I've got myself in a little pickle and require some urgent advise.

I have a serviced apartment which I have up for sale. I've been advised by my accountant to offload it due to the fact it doesn't make any equity! It does however make me some good coin!! Not sure % but I can tell you I owe 340k and I rent it for 25k, I make nearly 10k which I then have to pay tax on.....

As I have only just booked in (28th May) and I've just received an offer on the property I am not sure how this fits in with the overall scheme?

Any assistance or advise would be awesome as I have a 24hrs before I need to make a decision.

Thank you
Peter.
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