I wouls say one for themselves to know what the REAL valuation is, and the other for the purposes of providing you with a figure as a Loan Ratio, which they would then use as a guide to provide you with investment loan of 60% of!  That way in this climate they are covering themselves, and you to really, by lending technically maybe 50% and not…[Read more]

You don't have to physically change it anywhere, it just becomes an investment property by nature of the fact that you have probably moved out of it and put a tenant in.  Important things to do are to note the date it all happens, keep good records suchas spreadsheets, tenancy agreements etc FOREVER.  You can be audited by the tax office for up t…[Read more]