Renting whilst investing?

Andrew

Of course other option would to take out a shared equity loan and only make repayments on 70% of the purchase price of the PPOR.

If you have 10% deposit (and you do of course) lender would provide interest free on 20% (STC) and take their return by way of 40% of the capital increase.

Just frees up more funds month to month to fund IP and deposits.

Have to check but if it metro ish or large regional then would be fine.

I am the good looking on in the pic lol

Seriously i havent looked at my website for 5 years dont even know what it says these days.

Which funders consider shared equity loans? can they be done with the big 4?

YI – Adelaide Bank thru Rismark International are the only mainstream lender.

Couple of others are State based.

Yeah the MOVING!!! It's great when you move in and find out they are going to knock it down and build units. Or when you find out your landlord actually lives next door and he is a loony! Our current landlords are OS and will be back in a year…….Maybe or maybe they will come back early as a surprise! LOL!

There's good and bad with everything and some people can't stand renting and then there are Gypsies like me and mine, we are up to house number 6 in 6 years! The mail redirection is a nightmare

D

Yeah we finally got a PO BOX set up last year, Dreading the next interstate move!!

We are seriously regretting going the renting route thinking that we could do this and just buy IP's instead of another PPOR (which we stupidly sold).    If we'd known that renting is such a short term concept here in Australia (i.e. landlords seem to sell constantly unlike in Europe and the USA where long term leases are more the norm) we  would never have considered it.    

I think the PPOR- for a year/ conversion to IP/ then sell before the 6 year CGT deadline scenario is driving the constant turnaround of properties.  

we are looking at renting out our ppor so we can move to brisbane and expand our job opportunities,even though it will be neg geared upto 150pw+,the costs outweight the benifits.(i should say i HATE HATE HATE NEGATIVE GEARING HERE!!!) so its a big descision for us.

for us it gives us the opportunity to surround ourselves with mroe property minded people,increase borrowing power with better jobs,more potential partners in the larger area etc etc.

it really depends on where your at in life,for us renting while investing will be a good thing for a while.

can u explain those further,i know depreciation,but not the others? i know we can claim our loan fee each year,what else is there?

its basically 3br/2bath/4car house,been here for 3 years or so.
280-300max p/w rented hopefully
470p/w loan repayments(fixed for futher 3.5 years,30k break fee)

then after that minus interest portion deductions of our repayments and tax deductions,we are expecting around 140p/w it will cost us outright per week,we are going to finalise all costs once we move out and then get a tax adjustment on our income and reduce our costs per week instead of waiting til tax time.