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<blockquote data-quote="Hawkear" data-source="post: 645363" data-attributes="member: 4728"><p>Well done Manpa. So often we oldies are told by financial managers to put our money in the bank so others can borrow it and make money out of investment properties.</p><p>The irony and unfairness of it all, is that even if we have money in the bank, they are reluctant to lend to retirees to help in the purchase of an investment property. Age discrimination if you ask me.</p><p>PS Manpa check with an accountant about capital gains tax before committing to sell two properties in the one tax year.</p></blockquote><p></p>
[QUOTE="Hawkear, post: 645363, member: 4728"] Well done Manpa. So often we oldies are told by financial managers to put our money in the bank so others can borrow it and make money out of investment properties. The irony and unfairness of it all, is that even if we have money in the bank, they are reluctant to lend to retirees to help in the purchase of an investment property. Age discrimination if you ask me. PS Manpa check with an accountant about capital gains tax before committing to sell two properties in the one tax year. [/QUOTE]
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