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I appreciate all the advice. Thanks very much!!!
Yes we do have an offset account that we plonk our spare (not much) cash.
5. Get a Quantity surveyor to do a depreciation schedule for you. I believe that you can claim up to 4 years of depreciation in one go if you haven't been doing it in the past.How does this work?
How does this work? 'Depreciation schedule' ? It isnt a new building if that is what is suggested…???I guess its hard to see the big picture when I feel Im broke most weeks, and certainly cant investigate any other Real Estate investing ideas Ive learn't about since. Still….sound's like holding on for a year or two would be best.
Thanks again.
SteveThankyou everyone.
I will consider the advice you have given.
I have spoken to the neighbours of the house about joining forces to sub-divide 3 properties to make 2 extra blocks going thirds on costs and profit etc seems like a good idea. It will probably be negatively geared but no where near what is is now. I also just learned that the tennant has two dogs now…so i will consider upping the rent!!! I will also look into getting out of the major bank Im in and fixing both loand together to save $$$
