Hi Paul,Thanks for your help, I shall give Richard a call.Buying property is one thing but making sure contracts are worded in ones favour and purposes is another.  My accountant is due back from his holiday next week so i'lI talk to him as well then.Thanks again

Hi again,If you haven't checked out this website it is a wealth of information, go to the top of the page and click on site info – press room – this is about Steve McKnight, go to the bottom of this page and open his questionaire, it puts a whole different thinking process to positively geared property which is how he makes his success in invest p…[Read more]

It's amazing how kids are taught about money these days.  You see young kids with eftpos cards that their parents top up, so the kids spend it, ps some kids this may be their work money so that's cool.  But I know I am old school and the old bank book system is pretty much out the door and going to the bank to withdraw money, now it's too c…[Read more]

Books in library written by Jan Somers,  you need to read books especially for Australia Property Investments as other countries their policy and ways for investment property may differ slighty than ours.

I fixed our home loan for one year only, sitting in an offset account still reducing our principal. 

HI,I agree with Sonya, research number one,  I started by getting books out of the library on investment property , eg Jan Somers, 'Building Wealth story by story', very informative of everyday peoples good and bad investments in propertys, plus other books.Secondly I went to our accountant who gave a free investment consultation in regards to t…[Read more]

HI, Upon reading your question again, and Mr5o1 answer.     He can only claim mortgage interest (only the interest) which was on the original purchase loan of their first house which they are now renting out, if he has taken personal loans against this property for anything he can not claim these as mortgage interest  expenses against his rental…[Read more]