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Home > Money Matters

Don't Sell the House to buy or upgrade the RV!!!!

 

 

There is absolutely no reason to sell the house to buy or upgrade the RV…. Why?
 
  • You run the risk of never being able to re-enter the housing market at the same level if the market moves while you are away.
 
Here is the solution:
  •         Borrow against the equity in your home to purchase the Caravan or Mobile Home of your dreams.
  •          Rent your home out either furnished or unfurnished for the duration of your trip.
 
Simply, the whole process can, in most instances, be completed in a tax effective manner. We have tax specialists at Magoffin Business Services who will be only too happy to talk to you about it on (07) 3299 4800.
 
We can also assist with things like organising a buy back arrangement from your dealer that will overcome storage problems when you return from your Australian dream trip and give you peace of mind that a price has been fixed (provided that all conditions are met). Should you wish to retain your RV on your return we can advise you of the storage options if you don’t have room at your current home.
 
  

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