Can I Live In My Own Investment Property

Your first property or rent out your own home to. After we retire in a couple of years time we would like to move into the property after selling our family home which we own outright.

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can i live in my own investment property

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Owning a property in your own name and then renting it to yourself is not going to go down well with the australian taxation office ato.

Can i live in my own investment property. The short answer is no. Ask question asked 4 years 9 months ago. Should you buy an investment property or your first home to live in.

Being sydney this is taking longer than we expected. Buying a property for rental income is a bit different than buying a home to live in. The only idea i have is that the down payment for the property could have been better spent on another type of investment that would make more money.

The longer answer is maybe because of something called at arms length. Living in your own home has no benefit for cashflow as it is considered bad debt unlike an investment property that is considered good debt. But there are tax implications that you need to take into account.

We are renting our ppor while we save a cash deposit for our own home. That property is a sound investment. My wife and i bought an investment property in sydney three years ago which we are currently negatively gearing.

Living in my own rental property. Can we live in our investment property. I am reluctant to seek the advice of my own banks advisor again having previously received what i considered extremely poor and biased.

While most people wait until after theyve bought their first or second home to begin investing in real estate you could start much sooner than you thinkwell explain why jumping into the real estate investing game might be a good idea. As property prices continue to soar many first home buyers are being priced out of the market but some are coming up with a. If you want to actually rent your investment property to yourself only then read this post.

Changing an investment into your home. Can we do this. Move out and go rent somewhere that is.

Can you rent your own investment property and claim the tax deductions as a standard investment property. So heres an idea for all you owner occupiers that are not living in your dream home. We want to buy an investment property in an area we like from our smsf funds and rent it out.

If youre young and youre looking to purchase a new home to live in maybe you should consider turning your first home into an investment property. This is the situation i have computed after talking with others who own live in and rent out the same property. Instantly your bad debt becomes good debt.

You can live in your investment property.

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