Hey all,
Just seeking some advice, I've been hunting for an investment property on the central coast for some time now, and have accidentally found a place that would be perfect for me as a PPOR in three to five years time.
Are there any pitfalls to buying now, renting it out and moving in later? Tax implications?
Its a reasonably good investment on its own, not great, but good. Buildings is brick, 10 years old,will get an acceptable rental return and I was already looking at the suburb because its got good growth potential over the lifetime of my investment plan (20 years).
Cheers
Greg
Just seeking some advice, I've been hunting for an investment property on the central coast for some time now, and have accidentally found a place that would be perfect for me as a PPOR in three to five years time.
Are there any pitfalls to buying now, renting it out and moving in later? Tax implications?
Its a reasonably good investment on its own, not great, but good. Buildings is brick, 10 years old,will get an acceptable rental return and I was already looking at the suburb because its got good growth potential over the lifetime of my investment plan (20 years).
Cheers
Greg
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