well,i reckon u’v answered my qu! I figure i will be in the serious negative this yr,& was wondering what happens when “in the red”. Cheers.

Sorry,vkola,I dont understand[confused2].Can u explain,pls??

I would definitly like to know the answer to purple’s qu too….might post it as a qu.

Wow![biggrin] I think my next trip will be business related![biggrin] (But i’d best check with my acnt first….) Thanx 4 the tips,on the trips!

thanx for responses.I’m learning![grad]

Hmm….interesting…

How so,Mel???[confused2]

Thanx for the suggestions.
Derek,i tried link to find out about book,searched their books & library list,& couldnt find it. (but it is late…[sleepyanim] I’v requested they send me some info.

Thanx for replies.My concern with re-val’s is that they were just done,so i figure there will be no difference,or worse,b/c of sliding market,that they would come in LESS than recently.
I’m not sure if they will still use recent val’s, or even if financing above 80% is a good idea or not,sounds a bit out of my comfort zone,but just checking for…[Read more]

I wish,David! Can u elaborate on what u r suggesting? B/c i cant see how i could do both. Not without re-val’s showing an increase in equity from 2 months ago[glum]! The $50k IS from loc, so how do u think i could use it to reduce loc AND purchase new i.p’s??? I’m certainly willing to listen[headphone]!
& thanx for other comments,too.

L.O.L. [biggrin] Sorry if i;m reminding you of this horrid time of year.But i hope my many qu’s also help others with ideas,too.Also,it’s a hell of alot cheaper to ask you guys than my accountant[biggrin].
The reason i’m askn about the interest free carpet,is b/c i have a tenant who is getting cheap rent b/c there’s no flooring yet,but i feel…[Read more]

About $50k.[confused2]

Uummmmm….s’cuse my ignorance….how do i get into my profile?? i tried in search,it said i dont have any archived posts!

cheers![biggrin]

This is all very interesting to me,as i am new to loc usage,& am concerned about how to use it to my advantage.I am curious about the suggestion of buying a property first with loc,then adding value-would you get a bank valuation BEFORE you buy anyway?? Just in case,even after adding value, that the bank undervalues when you go to re-finance for…[Read more]

well,i dont like the sounds of it.I wonder if the ATO targets certain accountants,& their clients, b/c they are i.p. “specialists”??

well,i dont know much about wrapping,but am “wrap-idly” learning![biggrin] thanx to this site.I think your letter is great,& shouldnt have too much edited,to take away the “essence”. Another way i see wrapping can be used as a win-win, which is what i;m planning,is to help out family members get a home.[inlove][thumbsupanim]

Please explain Terry??? You’ve got my attention! Do u mean so that i start a business here,before i go? & use trip for business purposes? [confused2] How would that relate to taking the trip as a property investor,& it still being deductable??

i guess i got it wrong[angry2] Thought i;d found another gift from the tax office…..& yes,i;m gearing up for that most hated time of the year! i have only just discovered the joys of deductions,(as u can tell by my posts!) even tho i have had an accnt for several years now,they never ONCE told me,or offered ANY advice on what i could…[Read more]

great advice,cheers.