Hi Hugh,Terryw has got it right on the money. Another way to think about it is "What is the purpose of the money I'm borrowing". If you were borrowing money to invest, then the interest would be tax deductible. However, you are borrowing money for PPoR so it's not tax deductible. Hope that helps.Cheers,Magnet

Hi Shel,It all comes down to numbers and your personal preference. There are 3 options from what I can see1. Keep your investment property – refinance to tap into the equity and buy your own home. All depends on whether you can afford to do that. Do the numbers. 2. Rent in Brisbane and keep your investment property – especially if you believe you…[Read more]

Hi, I often buy properties site unseen. And sometimes that has worked, sometimes it hasn't. What I would recommend is as per what TerryW said, try and get someone who you know to drive around and check out the property. We were recently looking at buying one and all the reports looked good. Except when we had a friend go check it out, we found out…[Read more]

Hello

Perhaps my personal experience might assist – I started seriously investing in positive cashflow property about 14 months ago and I have completed 12 deals in that time. They have either been Lease Options and Wraps and the biggest (possibly the most painful) learning experience was dealing with the tenants of the Lease Option properties. I…[Read more]