Just be careful if you wish to claim the benefits of negative gearing. You must charge market rent to gain full deductions.
So if you buy at a lower price by including in the deal a period of low or no rental you will not receive tax benefits. You will also have a lower cost base for CGT when you come to sell.
Marg
Asking price $480-$515
My max $450
The rent in the area for equivalent is $430 week.
Any innovative techniques that would be a win win for the both of us ??
Are you suggesting paying more for a house to lower your CGT when you sell ?
?
The house is in a new estate and looks like its been built by the owners
Not got the property yet just trying to work out were to start the negotiations.
What's a sidcount ? I'm still coming to terms with all the abbreviations on this site.