Forum Replies Created
Hi Wayne
The difference between Evapoative and Refrigerated A/C is:
1) Evap A/C adds moisture to the air.(making the air muggy but cool), Less mechanical parts to ware out, but will require more maintenance (cleaning of the water resevior and pump) and will require water (like a toilet cistern) it adds water when level drops, they can be noisey (To neighbours)and usually is ducted throughout house (more instal costs) They are mounted on the roof of the house and will require tiles to be removed (possible water leaks from rain) and
2) Refrigerated takes moisture from the air. (making the air dry) Has more mechanical parts but with technology today are quite reliable and are super quiet. They can be ducted throughout but are generally Split Systems which has less install costs as they are hung on a wall with a hole drilled through the wall for the conecting pipes, drain and wiring, with the outdoor unit mounted on the ground.
With both systems you might require the services of an electrician as well if the A/C company do not have a qualified electrician. Check their quote to be sure.
Hope this is of some help.
Regrow
Hi
LifeX
The figures are only examples so that My partner and I could understand them, and the calculations in a simple way. We are new to investing and would like to get our heads around the numbers before we purchase an IP.
We are no means trying to cheat the ATO, but mearly trying to understand how a calculation would be done and if any depreciation of a property would be used in a calculation to work out your taxable income.
Do other investors use this method as to help them determine (as part of there due diligence) if a property is a good deal or not?
Do you have any realistic examples, with calculations?The property would be used as a PPOR at first then rented out further down the track.
Regrow
Hi Simon
Just checked paper work and covenents do not allow more than one dwelling on the lot.
Our thoughts are we can do one of two things:1. Build and use as PPOR using equity to purchase IP
2. Sell and Buy IP using CG from sale (less CGT) as deposit (approx $60000), use as PPOR until loan paid down (1 to 2 yrs) making it CF+. Then rent it out and use equity to purchase another PPOR.Regards
Regan and RowanHi what date is the seminar in Sydney, and what is the cost?
Thanks Regrow