Ok, i think all he wants a doccumnet that If down the track i split up from my wife or something that he can say he has 10% share in the house so my partner would not get 50%…..He is an old skool dad and just wants to protect his/ my side off things as he has been burnt in the past…not that i am going ti spilt up with the wife lol…..He just said if he lends/ gives me the money could i have some kind of documnet sujjesting this?

Also whats the best way for shipping money to down under, will the tax man see this money if ut goes into the bank or should he pay it straight into my home loan account?

Thanks for all the great info guys,  can i also claim against the interest on my interest only mortgage?

cheers guys,

1= So if a real estate does not cover me if the renter misses payments and if i am going to take out extra landlord insurance then i might as well let it myself?

1A = It looks like most land lord insures for all damage plus unpaid rent…but i already get flood damage and fire etc buy the strata insurance so would only really need the unpaid rent assistance and etc…Any where i can pick what i am covered for?

2=So how much of the say $ -70 plus all the other costs will i get back ,100% ? or is the amount taken off my salary? or will i only get like 10% back on what i have negative geared ?

3=If i am wanting to see someone about this matter plus starting a my partners hairdressing business, who am i best off seeing for both these issues, a tax man? or financial planner?  Just need some one i guess who is good on tax with business and investment propertys..  Cheers