Thanks guys for the info,

The thing is that we’re actually purchasing the property from the second morgagee holder and the bank because as I said the builder went into liquidation before we knew about the property.

The second morgage holder is the one holding things up because he knows he could get more for it if he put it back on the market.

We’ll hear as to when we settle in the next couple of days.

I must say that I like the idea of having neg geared props in good cg aears with pos geared ones else where that will pay the shart fall on the neg geared ones. But have more pos geared ones for some income.

Again I thank you all for your input and if anyone else has some ideas please keep them coming.
Darrylsgirl.