Thank you again Derek, I’ll keep that in mind come Tax time, BTW, don’t know any good Accountants in the Bunbury area do you? *sic*

BF

Folks are dumb where I come frommm… YUK, YUK !

Derek,
Thankyou for your reply, thats cleared things up for me, I’ll keep the loan separate from our others for ease of tax purposes.
I gather I won’t be able to claim the Interest paid on the deposit until the Apartments are built & settled in approx 18 months to 2 years? (therefore a proven IP Tax loss) or can I claim it as a loss starting this…[Read more]

Thankyou all for your rapid responses, another one now [biggrin], it was mentioned to me (by a fellow novice in IP’s) about converting the vacant land loan to a line of credit & adding the additional funds required to it?, would there be any merit in this?
again thanx
BF

Hello People,

I know it’s a bit further south than Mandurah, but what are your thoughts on Bunbury and it’s potential?

Bigfella