Richard we are in Perth and our property is in the southwest in Dalyellup near the ocean.

Thanks Ethan. Tax is definitely an issue. I do not want a rental property where we are not getting the benefits of deducting our taxable income and paying tax on any rental income we receive. I would like to be able to negatively gear so that we can reduce…[Read more]

Thank you Benny this is very informative and helpful. I am going to seek out a professional to speak with now that I have a basic understanding. Any idea how I go about finding a good advisor and what job title should be seeking out? I.e should we look for an accountant or do we need someone with a different job title? I agree this should be a…[Read more]

Sandra thanks for your reply it has given me something to think about. Unfortunately I don’t think we want to repurpose the building as it’s location does not offer a great deal of options for management of such facilities. Also Australian tax law is probably significantly different to the scenario in the USA. I do appreciate your time though.

Thanks Jamie so am I understanding correctly that if I now borrow against our mortgage free property (i.e the bank uses our home as an asset for a mortgage) and the money is used to purchase an investment property I can then for tax purposes treat both as investment properties and not have to pay tax on the rental income of our PPOR due to…[Read more]