From: Jay Hunter
I am in a situation where I want to buy an IP (studio apartment) and rent it out... (I've found the studio) but I'm still renting myself and have been looking for a place to buy as a home (but to no luck as yet... little fussy I think). If I buy the ip I won't get the $7000 first home grant as I'm not going to live in it... and when I do find a place I want to buy and live in... I will not be eligible for the $7000 as I already own an IP. What a situation.
I have a LLC that I do IT consulting work through... can I buy the IP through this company and still get the 7K later when I buy my first home ?
any suggestions would be appreciated.
jay
I am in a situation where I want to buy an IP (studio apartment) and rent it out... (I've found the studio) but I'm still renting myself and have been looking for a place to buy as a home (but to no luck as yet... little fussy I think). If I buy the ip I won't get the $7000 first home grant as I'm not going to live in it... and when I do find a place I want to buy and live in... I will not be eligible for the $7000 as I already own an IP. What a situation.
I have a LLC that I do IT consulting work through... can I buy the IP through this company and still get the 7K later when I buy my first home ?
any suggestions would be appreciated.
jay
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