Hi guys,Thank you all for your comments. I was always a believer of holding assets for the long term,  but am now a believer in taking a profit after reading Steve's latest book. I have made significant equity on this investment since acquiring it in Aug 05, and am doubtful whether there is any further value add opportunity. I have assessed the…[Read more]

Alll other expenses including interest will be tax deductible while it’s an IP. Depending on the age of the property and specially if you renovate you will be able to claim depreciation as well.

Hope this helps[smiling]
Elka

Hi guys,

Just want to confirm that once the property is converted to an IP and you are claiming interest and other…[Read more]