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  • Profile photo of kasdkasd
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    @kasd
    Join Date: 2011
    Post Count: 8
    June 7, 2011 - 7:17 am

    Great thread people, just the sort of thing I am looking for:)
    Just a quick one though, the areas are listed but how do you go about finding the better ones to go with? Growing up on the western suburbs of Syd I know these areas well but not well enough to put the money on the line.
    A couple of key points if you will for a potentially cash positive place
    Thanks

    Profile photo of kasdkasd
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    @kasd
    Join Date: 2011
    Post Count: 8
    June 4, 2011 - 12:00 pm

    Thanks gents

    Profile photo of kasdkasd
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    @kasd
    Join Date: 2011
    Post Count: 8
    June 3, 2011 - 1:00 am

    Thanks again Scott, forgot to mention that our loan is on an interest only set up so that’s a start.
    What you have said about renting our house & going elsewhere to rent really makes sense to me at present & has made me totally re assess the way we have approached our renovation. Just out of interest should I look at building up my taxable income for future loans?

    Profile photo of kasdkasd
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    @kasd
    Join Date: 2011
    Post Count: 8
    June 2, 2011 - 11:44 am

    Thanks Scott, I have been with the olds for the last two years! I would be OK with hanging out but not sure if my wife would be cool with it + my parents are looking at down sizing so I suppose either way I will need to make a move.
    As for renting my place out & renting elsewhere, how does it benefit me? Is it mainly come tax time that I will see the fruits of it? Does that mean that I would also be able to claim depreciation on the works that have been done?

    Thanks again :)

    Profile photo of kasdkasd
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    @kasd
    Join Date: 2011
    Post Count: 8
    May 31, 2011 - 8:23 am

    I guess I could jacM, the place that we have here is almost renovated & I would hate to see the cash & hard work go down but I don’t want it to look hotch botched. Been looking around today & I guess I could a small single level place but we would need to have a shared Drive way.
    @ bluegrass, I would much rather do it on my own, just looking at options I guess. It’s at Baulkham Hills BTW.

    Has anyone Ever put a kit home on to get the second dwelling? Seem very cheap

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