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CUA 10 characters.

Found this article if anyone is interested... "Airbnb - legal aspects of providing short-term rental accommodation" http://www.mondaq.com/article.asp?articleid=401162&email_access=on

I wanted to do this in our house - quoted about $1.2-1.5k from a plumber to hook up the gas line. We already have a gas line and it runs only about 8 metres away from the kitchen just as an idea for you.

Perfect - thought that was the case. Cheers

Yes 10characters

We have money in our offset account with a fixed rate of 4.something% Does that effectively mean the offset is earning interest at the same interest rate, albeit it goes straight into the mortgage account?

Great advice, thanks Toni.

So I haven't look at sale prices in our area for a few months and just checked - our house could be worth 100k more than I thought if we put some effort into fixing the front yard. The easy money sounds so easy, but it certainly doesn't come in to the tune of 200k in 3 years like the CG on...

Thanks heaps Leo and Bay, that's awesome. As in a single house with the same yield instead of dealing with multiple units and tenants?

Thanks Leo, good points. I wasn't planning on buying any houses today (I'm no dummy I'll wait at least a week:p) and was definitely going to do a lot of research before jumping into anything. I don't suppose you'd be able to help out with the questions I asked? I know they're basic and...

Agreed. But, we're young and maybe kids soonish, so having something that makes us $ (even if a smaller amount) is preferable to shelling out on interest at this point in our lives. What's a bad strategy? Why?

I don't... I would hope to get cash flow from regional units to pay for properties with better growth potential. Were you confused by this part? "buying CF+ properties and properties with good growth potential, instead of putting $ into negatively geared investments." I meant 1. CF+ properties...

On a recommendation from a friend, my wife and I (both aged 27) went to a Knowledge Source event on the weekend (don't worry, we didn't buy the $5k course!). If you don't know, Knowledge Source preaches buying CF+ properties and properties with good growth potential, instead of putting $ into...