Monopoly,

You assumed right they are all in joint names(my wife and I) and how does the 5% – 95% tax deduction work?

Derek how could you do this “
“If Dom had other investment loans, and he paid interest in advance on these loans, Wouldn’t this reduce any profit on investment and offset some of the capital gain? “

Could you please give an example?

Thanks Dom[biggrin]

Derek what about purchasing a highly negative property to offset those losses as the 3 ips wont sell until the new fiancial year?
Dom

Hi again,

This question is probably for the mortgage brokers but someone else might know.
If you have $100,000 (7.50%) as a LOC can that money act as an offset account for one of your property loans(6.20%) whithout actually whithdrawing it. I doubt that is possible but just trying to find creative ideas.
If you have to transfer the $100,000 to your property loan for 1 day and put it back into your LOC would it be viable? If you could find a fixed term deposit account or managed fund around 8% would this money be better of in one of these accont instead of your LOC.

Thanks Melbear great idea,thanks Redwing,diclem,and great link mrsuccessful.

Dom[biggrin]

Thanks everyone for that information i will try and find those books you mentioned. I am asking this question because i beleive a LOC would be better than a visa card(Less Interest).
But i would also like to find creative ways of investing so i can pay my everyday bills whithout using my own money.In otherwords use money to make money?

Maybe i could study shares or something in that order.
Dom[biggrin]

Thanks kay henry,calvin@thirty4 and redwing,

I am in queensland and i simply want to know how old my house is whithout actually paying anyone(Council).

It is not on my building report which i thought it should be.I also would like to know age of my neighbours house.

Will try some of your advise thanks
Dom