dafunk started the topic Bath Tub Repair in the forum Help Needed! 9 years, 11 months ago
Hi Everyone,
I bought and IP and it appears the bathtub was painted white previously.
Its all stripped back now revealing sanded back ghastly yellow and the tenant wants it repaired.
My question is I want to repair it and claim the deductions tax wise from it and not be a capital improvement.
Has anyone had experience in this?
The only…[Read more]
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dafunk started the topic Living in unapproved granny flat whilst renting out the house? in the forum Help Needed! 9 years, 11 months ago
Hi everyone
The usual scenario is trying to rent a granny flat without approval to a tenant.
But what if I live in the granny flat and rent out the house instead?
What are the potential implications from council?
I do intend to go through a DA process eventually but I was hoping to live rent free for a couple years before hand
But would have…[Read more] -
dafunk replied to the topic Advice on 2nd IP in the forum Help Needed! 10 years, 2 months ago
Thanks for the replies
I've been told I'm good to go on the lending side cash wise.
Just need the bank to value IP1 to find out if i can access equity already.I'm not sure how others decide their budgets for their IPs
Especially in a moving marketDo you spend what you have now or wait?
Do you wait for 200k? 300k? 400k? 2 x 200k?…[Read more]
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