Forum Replies Created
Originally posted by DD:
fhog will be there when you buy your first “to live in’residence. It is not affected by owning an IP.
Is that really true? I was sure you could only claim the FHOG if you hadn’t owned a house before.
Megapass, bear in mind that any capital gains on your PPOR are not taxable. Sounds like a good opportunity to buy a fixer-upper, if you don’t mind living on a worksite.
I also agree with Foundation’s post.
Yeah I’d also like this clarified i didn’t think fhog was available if you own or owned ip’s. If u can I’ll be 7k better of
regards
watchful
Also I was thinking that that would include the due diligence process being performed as well
watchful
That was for family/friend. Sounds like I need to stem my generousity a bit for you lot
watchful
Steve, congratulations and happy birthday.
You have given me a lot of hope and motivation.
I have only recently read your book and found it excellent. Up until now I have been seduced by the -ve gearing stategy and am now more than convinced that +ve cf is the go.
I have 2 -ve cf ip’s in perth and 1 +ve cf ip in tas. I am currently negotiating on an ip for 190k
returning 350 pw which I am intending to purchase in my wifes name as my income is 100k+. I have also been looking at cf +ve ip’s on the internet and have a goal to replace my employment income tho’ I’m yet to establish a time frame.
I’ve just ordered fasttrack and am looking seriously at the wrappack.
Questions :- how do u get around wrapping being illegal in wa?
If looking at ip’s interstate how do you conduct due diligence with time and distance hurdles?
Plenty more to say and ask but I’ll leave it there.
Regardswatchful
et al
thanx for the feedbackwatchful
