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  • Profile photo of davidg2152davidg2152
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    @davidg2152
    Join Date: 2006
    Post Count: 7

    Oh,
    By the way what is a depreciation schedule?
    .
    I think I need to do some fast reading!

    Profile photo of davidg2152davidg2152
    Member
    @davidg2152
    Join Date: 2006
    Post Count: 7

    Thanks sooooo much for everyones input. I feel alot better that renting it out is not a stupid thing to do when we still owe alot.
    .
    I am just not into IP and I guess this is because I never thought I would have one/be in this position.
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    We are going to live in Canberra for good. So if we rent Sydney out should we try and buy in A.C.T ASAP as market is a bit lower (at earliest 12 months away), or just relax and build equity in Sydney first before looking in Canberra?
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    Other thing is who do I need to go and see to sort an IP out?
    and
    Should Sydney be interest only loan?
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    I have no idea? Anyone need a car fixed, may have a chance there!
    .
    Thanks again it is really appreciated.
    .
    Dave

    Profile photo of davidg2152davidg2152
    Member
    @davidg2152
    Join Date: 2006
    Post Count: 7

    I’m not really sure but I think that you can just get an agreement written up with the Strata. My friend had a similar situation and was worried that by pointing it out she might lose the good garage! but she was part of her Strata Executive Committee, so I think it was pretty easy for her to organise the appropriate agreements. I think perhaps they are supposed to put it on the Executive Committee minutes that go to everyone in your complex and then as long as no one disputes your claim, it can be processed

Viewing 3 posts - 1 through 3 (of 3 total)