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  • Profile photo of geezergeezer
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    @geezer
    Join Date: 2010
    Post Count: 6
    May 4, 2011 - 7:38 am

    Thanks for that Angel

    Makes perfect sense.

    Cheers
    Geezer

    Profile photo of geezergeezer
    Member
    @geezer
    Join Date: 2010
    Post Count: 6
    May 4, 2011 - 7:00 am

    Hello

    Thanks to all for your information.

    I have another tax related question.
    If I have the situation where I have 2 investment properties. Are they individually assessed by the ATO in relation to income & expenses/deductions etc or are they both added together to form 1 taxation assessment etc.

    Hope that I am making sense.

    Cheers
    Geezer

    Profile photo of geezergeezer
    Member
    @geezer
    Join Date: 2010
    Post Count: 6
    March 15, 2010 - 11:03 am

    Hello

    Fantastic help and information, cheers.

    I have been doing some research into the trust property side of things to see if it is a viable proposition.

    The property is jointly owned. I have thought about transferring ownership to my wife but I am not sure if this will impact my borrowing power…

    I am in South Australia and am looking for a competant property financial advisor. Are you aware of any that you can recommend in my neck of the woods.
    I feel that I have to see someone in person to get a good grip on things.

    Thanks again for all your help.

    Cheers and have a good evening.
    Che

    Profile photo of geezergeezer
    Member
    @geezer
    Join Date: 2010
    Post Count: 6
    March 15, 2010 - 3:09 am

    Cheers Richard.

    Yes my loan was a principal and interest  loan.

    My only trouble is that I am not able to move into my IP due to size issues. (Too small with the kids). 

    The house that I am about to purchase is to live in myself…

    Is it fair to assume that there is nothing I can do financially (line of credit, refinance etc) to maximise returns and minimise tax with this senario.

    If this is the case what kind of loan would you recommend for my position.

    Cheers
    Che

    Profile photo of geezergeezer
    Member
    @geezer
    Join Date: 2010
    Post Count: 6
    March 14, 2010 - 11:45 am

    Hello all. New to this forum..

    I have a question, funny enough. Not sure if I am in the correct area?

    I have a rental property currently running a positive cash flow scenario.
    I am currently looking at purchasing another property.

    All well so far…  my question is that the property that I am going to purchase (using equity from my rental)  is the property that i will be living in. (currently living with inlaws).

    Is there any way of maximising tax benefits etc from this scenario ie tax deductions etc..

    It would be sensible for me I know to move back to my rental as the mortgage is very minimal and then  rent the newly purchased property to obtain maximum tax  benefits

    If someone could point me in the right direction as to weather there is way of maximising financial gain through loans/property  that would be great.

    Cheers
    Che

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