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  • Profile photo of zigzagzigzag
    Member
    @zigzag
    Join Date: 2004
    Post Count: 4
    March 7, 2004 - 6:16 am

    Thanks for your replies,
    So if we end up going down this path would there be an ability to depreciate the building even though we have intentions of moving back in after the 6 year period?
    I think the DHA would put a lieutenant and his family into it as it meets all their required criteria except that we put in a pool 12 months ago, any way we will get an agent to estimate. We have realised a sizable amount of equity a few months ago which we will put to some good use trying to locate +ve cash flow properties
    Thanks
    This is just the beginning, as Steve says you have to take some pain for long term gain

    ZigZag
    Imagine what you could achieve if you knew you couldn’t fail

    Profile photo of zigzagzigzag
    Member
    @zigzag
    Join Date: 2004
    Post Count: 4
    March 7, 2004 - 3:37 am

    Simon,
    I guess DHA as secure rental for the longer term, will maintain and repaint and re-carpet at conclusion of lease. If on open rental market would have to pay LL insurance and hope renatal was for 52 weeks of the year. How ever does the concept of renting out PPOR to reduce non tax deductibe debt make sence? Even if we have to rent ourselves for less.[?]

    ZigZag
    Imagine what you could achieve if you knew you could’t fail

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