Hi guys,
I haven't been on here for a while but in the meantime I have bought a ppor and am now thinking of options.
One option is renting it out and renting myself as I'd like an extra room so my kids don't have to share. I'm a single parent and at the moment can't afford to buy a bigger house.
A close friend of mine rents her house out, it's positively geared and she seems to get a great tax return every year. My house was built in 1950, is it still worth getting a depreciation schedule?
My home will also be positively geared by approx $100 per week. Of course agent fees etc will need to be paid for.
Any advice would be greatly appreciated.
Thanks!
I haven't been on here for a while but in the meantime I have bought a ppor and am now thinking of options.
One option is renting it out and renting myself as I'd like an extra room so my kids don't have to share. I'm a single parent and at the moment can't afford to buy a bigger house.
A close friend of mine rents her house out, it's positively geared and she seems to get a great tax return every year. My house was built in 1950, is it still worth getting a depreciation schedule?
My home will also be positively geared by approx $100 per week. Of course agent fees etc will need to be paid for.
Any advice would be greatly appreciated.
Thanks!