Forum Replies Created
Thanks, Simon. I have called the State Revenue and they said that I can do whatever with it after living there the first 6 months continously.
Tommy
Melbear, thanks a lot for your reply. Do you know if we can sell the property after getting the FHOG and living there for the first 6 months continously?
Tommy
Inially, I & my gf planned to get married some time this year. So I decided to buy this property. It is good to live in, but not a good investment property. We broke up just before the settlement date. So I had to pay everything with my money. I desperately needed the FHOG at that time.
To rent out the whole house, it is not hard. I can find a tennant in a month. However, to share with someone is not easy.
Only 3 more months to go … that’s when I can rent it out. The rent money then can help cover some of the cost.
To get out of this, I will have to sell it. However, to sell it now, I will make a loss for sure because the price does not go up much since I bought it.
I am planning to rent it out for a few years and hopefully the capital gain will help me get break-even.
Do you have any other ideas about how to get out of this? Thanks.
TommyThanks a lot for your help.
Your idea about moving in and sharing the other two rooms in the first 6 months is good. I did not realise this. However, it is hard to find a person to share with me because my house is not in a good location. Furthermore, while not being able to find a person to share, it would cost me more $$ to live by myself. My budget is very tight and that’s why I have to live with my parents. It was my mistake to buy this property and now I am in a LOSE-LOSE situation.
Tommy
