Hey emptyvessel,I recently built a house a year ago in SE QLD and asked myself the same questions!I recommend Hallmark homes. (single story only)These guys tell you everything you need to know and tell you the exact costs too!They have a 30 year structural guarantee and is the third lasgest builder in SE QLD.They also have a good work ethic and…[Read more]

Hey Lady24

Option 2 would be a safe bet. That is keep your home and use 150000 for IPs. 150000 is enough to start off with and your home can be use as equity. Remember you only need 10% deposits to secure deals. And if all goes wrong sell your house and start from stratch.

Cheers Leo

Hi michael

Buying you first property is the hardest but you are on the right track. It definetly has positive cashflow then go for it. Remember you have nothing to lose, everything to gain. And if something does go wrong sell it and get your money back. Good luck michael!

Cheers Leo

Hi leo

To answer your question you only can only claim a loss when tentants are renting the property. That claim then can be taken to the taxation office when you do your tax. Thus resulting your loss being taken away from your total net income. If you have any questions give me a buzz.

Cheers lenny

Hey steve

I would politely say that i have done nothing illegal and i used my initative and insight. Beat people with kindness and you get the best results

Cheers Leo