@Jason

….the best deal around capital gains tax here in the USA is

“qualifies for exclusion of $250,000 gain ($500,000 if married filing jointly) if the following is true:

•You owned the home and used it as your main home during at least 2 of the last 5 years before the date of sale.

So basically every 2 years you can make $250/500k in c…[Read more]

@Jason, what I don’t understand is what are the ramifications when they start to “put rates back up”

Are Sydneysiders really ready for what happens when the sums no longer work out?

Mattsta wrote

“couldn’t you use a normal landlords insurance policy???”

Actually you can’t use normal landlords insurance if their are seperate leases in the property. This situation happened to us when we bought a student house (with 8 bedrooms.)

@Jason:

You best bet would be to speak to someone who deals in that kind of insurance directly. I…[Read more]

Hello Everyone!First thank you for the big welcome!It has been quiet a week, I read everyone's responses here and I've made some progress.First of All I've started looking for another job. $13 and paying Mr Blockbuster is never going to grant me financial freedom. That being said I'm not sure I'm in a position right now to open my own business, I…[Read more]