Does the same rule apply if say I have 3-4 rental properies? This sounds a pretty good way of getting my PPOR loan down.I am currently getting $290 per week for the property exactly (Not $1400 as previously indicated), my purchase price is $253000 for a small 2 x 1 (67sqm) within 6kms of Perth CBD (Victory Park). Just wondering, on the current…[Read more]

Thanks heaps guys for your advise, the more I read your comments the more I am thinking there is some fundamental problems with the advise I was given. The advise comes from an friend of mine which may have made my judgement blurred. Thanks heaps again and see you guys around.Best regardsV

Thanks heaps guys for your advise, I should have given more information about our current situation. So here they are:My business is actually in painting, I am an artist in oil and glass painting, the main reasons I am not starting as an company is due to the fact I am the only person who can paint and I don't own a shop either, I don't have any…[Read more]

The property we are currently looking will be negatively geared with an estimated out of pocket expense of $8000 a year before deprecications but including all other costs.Thanks again.V